According to George Stigler, the monopolist is distinguished from other entrepreneurs because of his or her
A) motivation
B) market position
C) profit objective
D) strategy
E) morality

Question

Quizplus · Accepted Answer

George Stigler distinguished monopolists from other entrepreneurs primarily based on their market position. A monopolist has significant control over the market for a particular product or service, unlike competitors in a more competitive market environment.

According to George Stigler, the Monopolist Is Distinguished from Other