A market is not a pure monopoly if firms
A)can enter it freely.
B)sell unique products.
C)can exit the market freely.
D)require government permission to sell in the market.

Question

Quizplus · Accepted Answer

A pure monopoly is characterized by a single seller in the market and no close substitutes for the product being sold. If firms can enter the market freely, it means there are multiple sellers, which eliminates the pure monopoly classification.

A Market Is Not a Pure Monopoly If Firms