Question:
If a firm sells its output on a market that is characterized by a single seller and manybuyers of a homogeneous product for which there are no close substitutes and barriers to long-run resource mobility, then the firm is
A. a monopolist B. an oligopolist C. a perfect competitor D. a monopolistic competitor Answer» a. a monopolist| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |