​_______ arises when there is one​ firm, which produces a
good or service that has no close substitutes and in which the firm
is protected by a barrier preventing the entry of new firms.
  
A.
Monopoly
B.
Monopolistic competition
C.
Oligopolistic competition
D.
Oligopoly
The water supplier in your town
is an example of​ _______.
  
A.
perfect competition
B.
a
monopoly
C.
monopolistic competition
D.
an
oligopoly
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This question was answered on: Sep 05, 2019
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