Social Sciences and History
The following sample questions do not appear on an actual CLEP examination. They are intended to give potential test-takers an indication of the format and difficulty level of the examination and provide content for practice and review. For more sample questions and information about the test, see the CLEP Official Study Guide.
Question 3 of 9
In a market characterized by pure monopoly control, which of the following is a limit on the power of monopoly?
the elasticity of the demand curve
large amounts of capital required for investment in production
the inability to determine either price or output
the presence of overseas competitors
the existence of other monopolies in other industries.