The D-Lite Corporation produces a unique type of light bulb that is used in refrigerator manufacturing. D-Lite is the only maker of this light bulb, and there are no close substitutes for it. In this case, the D-Lite Corporation would be

The D-Lite Corporation produces a unique type of light bulb that is used in refrigerator manufacturing. D-Lite is the only maker of this light bulb, and there are no close substitutes for it. In this case, the D-Lite Corporation would be



a) an oligopoly.

b) a monopoly.

c) involved in monopolistic competition.

d) involved in perfect competition.

e) involved in a perfect oligopoly.



Answer: b) a monopoly.


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