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MMLU-Pro / 7443 / Which characteristic is likely a part of a monopoly market but not of…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Which characteristic is likely a part of a monopoly market but not of monopolistic competition?

category

economics

options

  1. Deadweight loss exists
  2. Perfect competition
  3. Price taker
  4. Many sellers and buyers
  5. High barriers to entry
  6. Patents and copyrights
  7. Differentiated products
  8. Long-term equilibrium
  9. Possibility of profit in the short run
  10. Firms are price setters

src

ori_mmlu-high_school_microeconomics

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Official source

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