Eggs are sold in five different markets. The price for a dozen eggs in market A is $3, in market B price is $1, in market C price is $2, in market D price is $5, and in market Eprice is $4. In which market is the market structure most likely to be monopoly?
A) A
B) B
C) C
D) D
E) E

Question

Quizplus · Accepted Answer

In a monopoly market structure, a single seller dominates the market, often leading to higher prices due to lack of competition. Market D, with the highest price of $5, suggests it might be a monopoly, as the seller can set higher prices without losing customers to competitors.

Eggs Are Sold in Five Different Markets