C-05-Q096mediumsingle_mcq
Rimi found that her preferred branded bag is imported by only one company, and there is no alternative; the price had risen sharply. Which market characteristic does this reflect?
Rimi found that her preferred branded bag is imported by only one company, and there is no alternative; the price had risen sharply. Which market characteristic does this reflect?
- aPerfect competition
- bMonopoly — single seller with no near-substitute
- cOligopoly
- dLocal market