Size alone does NOT determine whether a firm is a mo?nopoly.

Name: Size alone does NOT determine whether a firm is a mo?nopoly.
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Question

Quizplus · Accepted Answer

A monopoly refers to a market structure where there is only one supplier of a particular product or service. While large companies may have a significant market share, they may still face competition from other firms and are not necessarily monopolies. Therefore, size alone does not determine whether a firm is a monopoly.

Size Alone Does NOT Determine Whether a Firm Is a Mo?nopoly