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A market situation where there is only one supplier is called:
Suggested Answer: D
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The correct answer is, of course, 'monopoly'.
27 comments · newest first
BE
Bernardo
11 months ago
Surprised that people mix this up so often!
DE
Deja
11 months ago
I thought there could be more than one supplier in a monopoly?
DA
Darell
12 months ago
Wait, isn't it also called imperfect competition sometimes?
MA
Matthew
12 months ago
Agreed, monopoly is the right term here.
KA
Kami
1 year ago
It's definitely called a monopoly!
SU
Susana
1 year ago
I thought monopsony was about buyers, not suppliers, but I'm confused about the other terms too.
TE
Terrilyn
1 year ago
I feel like I've seen a question like this before, and monopoly was definitely the term used for a single supplier.
LE
Leatha
1 year ago
I'm not entirely sure, but I remember something about oligopoly having a few suppliers, so that can't be it.
AS
Ashleigh
1 year ago
I think it's monopoly since that's when there's just one supplier, right?
LA
Launa
1 year ago
I'm not totally confident, but I think the key distinction is that a monopoly refers to a single seller, while a monopsony refers to a single buyer. So in this case, the question is asking about the supplier side, so D for monopoly seems like the best choice.
YO
Yong
1 year ago
Okay, I've got this. A monopoly is when there is only one supplier in the market, so that has to be the right answer here. D is the way to go.
SU
Suzan
1 year ago
Hmm, I'm a little unsure about the difference between monopoly and monopsony. I'll need to review those concepts quickly before selecting an answer.
TR
Trina
1 year ago
This looks like a straightforward market structure question. I'll think through the key characteristics of each option to determine the correct answer.
CH
Cherry
1 year ago
Yep, I agree with Launa. Monopoly is the right answer here. I'm feeling good about selecting D.
ST
Stephane
1 year ago
Hmm, I'm a bit unsure about the difference between pinning a report page vs. a KPI visual vs. a card visual. I'll need to review the details of each option carefully.
DI
Dion
1 year ago
I'm a bit confused by the 802.1ad requirements here. Let me re-read the question and think through the options carefully before selecting an answer.
AN
An
1 year ago
I'm a little confused by the wording of this question. The options seem pretty technical, and I'm not sure I fully understand the differences between them. I might have to make an educated guess on this one.
ST
Stefanie
1 year ago
Okay, I've got this! The reduced administrative effort and access to the latest features are definitely two big advantages of PaaS databases. I'll make sure to explain those clearly in my answer.
DE
Deangelo
2 years ago
Monopoly, easy peasy. I bet the person who came up with this question is probably a monopolist themselves, trying to trick us.
BE
Bernadine
2 years ago
I think it's D too, monopoly makes sense in this context.
NO
Nobuko
2 years ago
D
DE
Detra
2 years ago
A) Oligopoly
LU
Luis
2 years ago
D) Monopoly
KI
Kimberely
2 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.
WI
Winfred
2 years ago
Monopoly, definitely the right answer. You can't spell 'monopoly' without 'money'!
JO
Johnna
2 years ago
B: You can't spell 'monopoly' without 'money'!
ST
Stanford
2 years ago
A: Monopoly, definitely the right answer.