Pure monopoly characterizes a market that consists of
A) only one seller
B) a few sellers who dominate the market
C) many buyers and sellers and products that vary greatly in the same product category
D) many buyers and sellers, where no buyer or seller can control price or the market

Question

Quizplus · Accepted Answer

Pure monopoly characterizes a market that consists of only one seller, which is often regulated by a government agency.

Pure Monopoly Characterizes a Market That Consists of