x
Select Test Select Question Types

Subject - Economics:

Microeconomics

MCQ - 146-4156

Question:

Which of the following is a characteristic of a monopoly market?

  1. Firms produce a homogeneous product.
  2. Barriers to entry exist.
  3. Firms are price-taking profit maximizers.
  4. Barriers to entry exist.
  5. In the long run the firm earns normal profits.

Correct Answer: B

Explanation:

Barriers to entry are a defining characteristic of monopoly.

Previous Question
Next Question
Back to Section

Record Performance

269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: Which of the following is a characteristic of a monopoly market? , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 146-4156.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

Share This Page

Full Films
Full Films
TV Serials
TV Serials
Short Films
Short Films
Upcoming Films
Upcoming Films