Which phrase would be most characteristic of pure monopoly?
A)close substitutes
B)efficient advertiser
C)price taker
D)sole seller

Name: Which phrase would be most characteristic of pure monopoly? A)close substitutes B)efficient advertiser C)price taker D)sole seller
Brand: Quizplus
Rating: 4.8 (28 reviews)

Question

Quizplus · Accepted Answer

A pure monopoly is characterized by a single firm being the sole seller of a product or service without close substitutes, making "sole seller" the most characteristic phrase.

Which Phrase Would Be Most Characteristic of Pure Monopoly