alleryMatch mono traits: 1. Single: p. One firm 2. Threat: q. Minimal 3. Price: r. Set
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
Monopolies have complete market control as entry barriers are high and can set prices to their preference.
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