In marketing, the form of competition that occurs when only one firm sells the product is referred to as
A) pure competition.
B) a megopoly.
C) an oligopoly.
D) monopolistic competition.
E) a pure monopoly.

Question

Quizplus · Accepted Answer

A pure monopoly occurs when a single firm is the sole producer of a product or service, with no close substitutes, allowing it to control the market.

In Marketing, the Form of Competition That Occurs When Only