Under ________,the market consists of one seller.
A) a pure monopoly
B) monopolistic competition
C) oligopolistic competition
D) pure competition
E) capitalism

Question

Quizplus · Accepted Answer

A pure monopoly is the only market structure where there is only one seller of a particular good or service. In this structure, the seller has complete control over the pricing and distribution of the product, and there are no close substitutes available. This lack of competition allows the seller to charge a higher price, resulting in a higher profit margin. Therefore, a pure monopoly is the only option where the market consists of one seller.

Under ________,The Market Consists of One Seller