Respuesta :
A) A market structure known as a monopoly involves working with a single company in the industry while there are many buyers. This is because the company's exit and entry are severely restricted. Participate in markets with barriers to entry is the right choice.
What is Monopoly really all about?
A type of market structure characterized by a single vendor offering a distinct product. Because he is the only seller of the goods in a monopoly market, there is no competition for him.
Is capitalism the foundation of Monopoly?
According to Mary Pilon, author of "The Monopolists: A Game About Wealth Inequality," the original game of Monopoly was designed to criticize capitalism. However, the woman who designed the game also intended for it to serve as a lesson about wealth inequality. The scandal that Became the Most Popular Board Game in the World: Obsession, Fury, and More
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Full Question = Monopolies and monopolistically competitive firms differ in that monopolies:
a. participate in markets where barriers to entry are present.
b. differentiate their products.
c. face competition from many other firms.
d. none of the above
