A Even pure monopolies have substitutes

Name: A Even pure monopolies have substitutes
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While pure monopolies may have significant market control and few close competitors, they still have substitutes. Even if there are no perfect substitutes, there are likely to be some with similar or related functions that consumers can choose from. For example, a pure monopoly on cable television may face competition from satellite or streaming services, even if they are not exact substitutes.

A Even Pure Monopolies Have Substitutes