For a pure monopoly to exist,
A) there is a single seller in a particular industry
B) there is only one seller, therefore no industry
C) there are a few sellers in a given industry
D) there are limited sellers in a particular industry

Question

Quizplus · Accepted Answer

A pure monopoly is characterized by the presence of a single seller in a particular industry, meaning that this seller has exclusive control over the market for a specific product or service.

For a Pure Monopoly to Exist