All of the following are characteristics of a monopoly except:———————–.
A. There is a single firm.
B. The firm is a price-taker.
C. The firm produces a unique product.
D. The existence of some advertising.
Answer:B
All of the following are characteristics of a monopoly except:———————–.
A. There is a single firm. B. The firm is a price-taker. C. The firm produces a unique product. D. The existence of some advertising.