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

Question

Quizplus · Accepted Answer

A market consisting of one seller is a pure monopoly, meaning the seller has complete control over the market and can set prices as they please. This is different from monopolistic competition which has multiple sellers offering similar but not identical products, and pure competition which has many buyers and sellers with no one dominating the market. Oligopolistic competition refers to a market with a few large firms dominating the market. Capitalism is an economic system based on private ownership and free market competition, but does not specifically refer to a market with one seller.

Under ,The Market Consists of One Seller