When Gap Stores get an exclusive contract to sell uniforms to your old high school,it is an example of:
A) monopolistic competition.
B) oligopolistic competition.
C) pure monopoly.
D) pure competition.
E) perfect competition.

Question

Quizplus · Accepted Answer

When Gap Stores get an exclusive contract to sell uniforms to your old high school, it is an example of a pure monopoly in that specific context. This is because Gap Stores would be the only supplier of uniforms to the school, eliminating competition for that particular product within that specific market.

When Gap Stores Get an Exclusive Contract to Sell Uniforms