The only hairdresser in a small town is an example of:
A) monopsy.
B) luxury.
C) monopoly.
D) oligopoly.
E) competition.
Correct Answer:
Verified
Q4: Water is often provided to households by
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Q8: An industry in which total costs are
Q9: A natural monopoly occurs because:
A) of the
Q14: If a good has no close substitutes,the
Q15: Which barrier to entry results in the
Q17: If the firm owns vital resources, the
Q18: The monopoly can emerge naturally because:
A) as
Q20: Under monopoly, the consumers:
A) can influence the
Q39: The demand curve for a monopolist is:
A)
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