CIPS Exam L3M1 Topic 3 Question 11 Discussion

Actual exam question for CIPS's L3M1 exam

Question #: 11
Topic #: 3

[All L3M1 Questions]

A market situation where there is only one supplier is called:

AOligopoly

BImperfect competition

CMonopsony

DMonopoly

Show Suggested Answer

Suggested Answer: D

The correct answer is, of course, 'monopoly'.

by Lajuana at May 22, 2024, 08:16 PM

Limited Time Offer

25%

Off

Get Premium L3M1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Deangelo

1 years ago

Monopoly, easy peasy. I bet the person who came up with this question is probably a monopolist themselves, trying to trick us.

upvoted 0 times

Bernadine

12 months ago

I think it's D too, monopoly makes sense in this context.

upvoted 0 times

...

Nobuko

12 months ago

upvoted 0 times

...

Detra

12 months ago

A) Oligopoly

upvoted 0 times

...

Luis

12 months ago

D) Monopoly

upvoted 0 times

...

Kimberely

1 years ago

Hmm, I think D. Monopoly is the correct option here. A monopoly means there's only one supplier, and that supplier calls the shots.

upvoted 0 times

...

Winfred

1 years ago

Monopoly, definitely the right answer. You can't spell 'monopoly' without 'money'!

upvoted 0 times

Johnna

1 years ago

B: You can't spell 'monopoly' without 'money'!

upvoted 0 times

...

Stanford

1 years ago

A: Monopoly, definitely the right answer.

upvoted 0 times

...