A firm that holds a monopoly position in the market place is
A. a price maker
B. a price taker
C. monopolistically competitive
D. subject to infinite market forces
Answer:A
A firm that holds a monopoly position in the market place is
A. a price maker B. a price taker C. monopolistically competitive D. subject to infinite market forces
Explanation: 14. Occasionally, _________________ may lead to pure monopoly; in other market conditions, they may limit competition _________________ .