Introduction to Economics 1 Deneme Sınavı Sorusu #1131684

The market structure with only one producer/seller which acts as a price setter of a good with no close substitutes is called:

Perfect competition.

Monopolistic competition.

Monopoly.

Natural competition.

Oligopoly.

Yanıt Açıklaması:

Monopoly is a market structure with only one producer/seller of a good and it does not act as a price taker but as a price setter. A firm is a monopoly if it is the only producer of a good or service and this good or service does not have close substitutes.

PAYLAŞ:

SORUNUN CEVABI: C

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Introduction to Economics 1 Deneme Sınavı Sorusu #1131684

The market structure with only one producer/seller which acts as a price setter of a good with no close substitutes is called:

SORUNUN CEVABI: C

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