Technically speaking, a monopolist's share of industry demand is _________ to make it qualify as a monopoly.
A) 100 percent
B) 50 percent or more
C) 25 percent or more
D) 0 percent
E) there is no specific percentage

Question

Quizplus · Accepted Answer

A monopolist is a single seller who controls the entire market for a particular good or service. Therefore, a monopolist's share of industry demand is 100 percent.

Technically Speaking, a Monopolist's Share of Industry Demand Is _________