If the entire output of a market is produced by a single seller,the firm:
A) Is a monopoly.
B) Is competitive.
C) Is an oligopolist.
D) Faces a perfectly vertical demand curve.

Name: If the entire output of a market is produced by a single seller,the firm: A) Is a monopoly. B) Is competitive. C) Is an oligopolist. D) Faces a perfectly vertical demand curve.
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Question

Quizplus · Accepted Answer

A market with a single seller is a monopoly, as there is no competition in the market.

If the Entire Output of a Market Is Produced by a Single