Pure monopoly markets are very common in the real world.

Name: Pure monopoly markets are very common in the real world.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Pure monopoly markets are rare in the real world because there are usually at least some substitutes available for consumers, and competition from similar products or services. Most markets tend to be oligopolies, monopolistic competition, or perfect competition.

Pure Monopoly Markets Are Very Common in the Real World