In which situation is the market dominated by one seller?
A) pure monopoly
B) monopolistic competition
C) oligopolistic competition
D) pure competition
E) free market

Question

Quizplus · Accepted Answer

A market dominated by one seller is called a pure monopoly. In this situation, there is no competition, and the seller has complete power over the pricing and distribution of their products or services.

In Which Situation Is the Market Dominated by One Seller