One feature of pure monopoly is that the firm is
A) a producer of products with close substitutes.
B) one of several producers of a product.
C) a price taker.
D) a price maker.
Correct Answer:
Verified
Q80: Answer the question on the basis of
Q81: If you want to enjoy a Major
Q82: One defining characteristic of pure monopoly is
Q83: Q84: A market where there are many firms, Q86: A purely monopolistic firm Q87: One major barrier to entry under pure Q88: Pure monopolists may obtain economic profits in Q89: A natural monopoly occurs when Q90: 
A)has no entry barriers.
B)faces
A)long-run average costs
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