Pure monopoly:
A) is characterized by a single supplier.
B) is a market structure in which no close substitute products are available.
C) exists when entry and survival of potential competitors is extremely unlikely.
D) is characterized by all of the above.

Question

Quizplus · Accepted Answer

Pure monopoly is characterized by a single supplier, no close substitute products available, and entry and survival of potential competitors is extremely unlikely, making all of the above options true.

Pure Monopoly