When there is only one business providing a product in a given market,there exists
A) an oligopoly.
B) unfair competition.
C) pure competition.
D) monopolistic competition.
E) a monopoly.

Name: When there is only one business providing a product in a given market,there exists A) an oligopoly. B) unfair competition. C) pure competition. D) monopolistic competition. E) a monopoly.
Brand: Quizplus
Rating: 4.7 (33 reviews)

Question

Quizplus · Accepted Answer

A monopoly exists where there is just one business providing a product in a given market.

When There Is Only One Business Providing a Product in a Given