🏷️ LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION →

1

answer

0

watching

64

views

crimsonlion563Lv1

18 Aug 2020

A pure monopoly exists when a single firm is the sole producer of a product for which there are no close _______.

A. substitutes
B. price takers
C. complements
D. complements
E. patents

1

answer

0

watching

64

views

For unlimited access to Homework Help, a Homework+ subscription is required.

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

Raushan RajLv8

22 Sep 2020

Unlock all answers

Get 1 free homework help answer.

Already have an account? Log in

Related textbook solutions

Principles of Economics

2nd Edition, 2017

ISBN: 9781947172364

Principles of Macroeconomics

ISBN: 9781947172388

Principles of Microeconomics

ISBN: 9781947172340

Related questions

In which market model would there be a unique product for which there are no close substitutes?

A) Pure Competition

C) Monopolistic Competition

D) Pure Monopoly

Which statement describes a monopoly?

Many firms produce identical products with no control over the market price.
Many firms produce differentiated products with control over market price.
A single firm produces a product with no close substitutes and control over the market price.
A single firm produces a product with many close substitutes and limited control over the market price.

Which phrase would be most characteristic of pure monopoly?

a. Single seller

b. Price taker

c. Close substitutes

d. Efficient advertiser

Weekly leaderboard

Homework Help 3,900,000

Economics 400,000

Start filling in the gaps now

New to OneClass?Sign up