A pure monopoly exists when:
A. only a single firm is present in the market.
B. a single firm produces a good with many close substitutes.
C. many firms produce a good with no close substitutes.
D. a single firm produces a good with no close substitutes.
Answer: D
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Which of the following 95% confidence intervals for the estimate of the population treatment effect is the most convincing evidence that a policy intervention was indeed effective?
A. (-0.5, 0.9). B. (-0.1, 0.5). C. (0.5, 0.75).? D. (-0.2, 0.3).
A government-imposed restriction on the quantity of a good that can be imported is
A. a health restriction. B. a protective tariff. C. an embargo. D. a quota.
All of the following are characteristics of game theory except
A) rules that determine what actions are allowable. B) payoffs that are the results of the interaction among players' strategies. C) strategies that players employ to attain their objectives. D) independence among players.
If the government runs a deficit, then the government debt increases.
Answer the following statement true (T) or false (F)