Question

All of the following are characteristics of a monopoly except what ?
A.)Barriers to entry
B.)presence of many competing firms
C.)Complete control of market price
D.)Single seller

Answer 1

B.)presence of many competing firms

Answer 2

viduvinod is right. It's B.

A "monopoly" is where there is one person, or company, that has COMPLETE control.

B is "the presence of many competing firms."
That's not a monopoly,
because in a monopoly, there would only be ONE firm. Not many.

Answer 3

All of those are characteristics of a Monopoly except (B) !
There would be no presence of other competing firms as a Monopoly indicates 1 firm dominating majority / all of the market share. :)