Which of the following is true of monopoly? - ProProfs Discuss
Topics
Products
Follow Us:

Which of the following is true of monopoly?



A. There are no barriers to entry.
B. The firm is a price taker.
C. There are no close substitutes for the product being produced.
D. There are many firms in the industry.
E. The firm faces a horizontal demand curve.

This question is part of MicroEconomic Exam #2
Asked by Catherine halcombe, Last updated: Aug 11, 2020

+ Answer
Request

1 Answer

John Smith

John Smith

Answered Mar 10, 2017

There are no close substitutes for the product being produced.
 

Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer

Email Sent
We have sent an email to your address "" with instructions to reset your password.