Pure monopoly
A)is defined as having only one supplier.
B)has no close substitutes for its product.
C)exists when entry and survival of potential competitors is extremely unlikely.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

A pure monopoly has only one supplier, has no close substitutes for its product, and entry and survival of potential competitors is extremely unlikely. Thus, all of the above options are correct.

Pure Monopoly