Which of the following is NOT consistent with a monopoly?
A) free entry and exit
B) economies of scale
C) a single seller
D) marginal revenue is less than the price

Question

Quizplus · Accepted Answer

Free entry and exit of firms is not consistent with a monopoly. A monopoly implies a single seller, which has the power to control the market price and restrict entry to other firms.

Which of the Following Is NOT Consistent with a Monopoly