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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1275592
Introduction to Economics 1 Deneme Sınavı Sorusu #1275592
Which of the followings is among the characteristics of a monopoly?
There are few firms. |
There are no barriers to entry to the market. |
There are many firms in the market. |
There are barriers to entry to the market in considerable number. |
Products have no close substitute. |
Yanıt Açıklaması:
A monopoly arises when there is only one firm which produces a good or service with no close substitute. Therefore, the correct option is E.
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