Size alone does not determine whether a firm is a monopoly.

Question

Quizplus · Accepted Answer

Monopoly refers to a situation where a single firm dominates a particular market, controlling the price and supply of goods or services. While size can certainly contribute to a firm's ability to achieve monopoly power, there are other factors such as barriers to entry, control over key inputs, and network effects that can also result in a monopoly. Therefore, a firm may be a monopoly regardless of its size.

Size Alone Does Not Determine Whether a Firm Is a Monopoly