Economics · Market Structures
Which of the following statements about a monopoly is false?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1A monopoly has no barriers to entry or exit.✓
- 2A monopoly is the only producer of the good.
- 3The good produced by a monopoly has no close substitute.
- 4A monopoly firm is a price maker.
Correct answer
A monopoly has no barriers to entry or exit.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Market Structures MCQs →Want more practice questions on Market Structures?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Market Structures