The only hairdresser in a small town is an example of:
A) monopsy.
B) luxury.
C) monopoly.
D) oligopoly.
Correct Answer:
Verified
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
Q17: If the firm owns vital resources, the
Q18: The monopoly can emerge naturally because:
A) as
Q19: The monopolist's demand curve is:
A) below the
Q20: Under monopoly, the consumers:
A) can influence the
Q21: In the long run, a monopoly:
A) will
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