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.