The only dentist in a small isolated country town is an example of a/an:
A) oligopoly.
B) monopolistically competitive firm.
C) monopoly.
D) competitive firm.
Correct Answer:
Verified
Q5: There is only one hairdressing salon on
Q6: The demand curve for a monopolist is:
A)
Q8: If a good has no close substitutes,
Q8: An industry in which total costs are
Q9: A natural monopoly occurs because:
A) of the
Q11: A monopoly can result because of:
A) an
Q12: The most effective barrier/s to protect a
Q13: Monopoly is a market structure characterised by:
A)
Q14: Economies of scale means that competition is
Q15: The only one bakery in a small
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