a
there are many sellers and a few buyers
b
goods are sold at different price
c
entry is not blocked, but no one cares to enter
d
a few sellers and one buyer exist
e
None of the above
Explanation
Correct Option
eNo explanation available
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Discussions (8)
shetex65
8 years ago
A pure monopoly is a market structure where one company is the single source for a product and there are no close substitutes for the product available.
ilosimon
5 years ago
A monopoly describes a market situation where one company owns all the market share and can control prices and output. E
