A(n)__________ exists when the entire supply of a good is controlled by a single seller.
A)perfect competition
B)oligopoly
C)pure Capitalism
D)monopoly

Question

Quizplus · Accepted Answer

A monopoly exists when a single seller controls the entire supply of a good. This means that there are no competing sellers in the market, giving the single seller the power to set high prices without fear of losing customers to competitors.

A(n)__________ Exists When the Entire Supply of a Good Is