In: Economics
For a pure monopoly to exist there is/are:
Group of answer choices
limited sellers in a particular industry.
only one seller, therefore no industry.
a few sellers in a given industry.
a single seller in a particular industry.
In a monopoly there is one seller and there are large number of buyers in the market so there is no industry .
If less sellers or few sellers then it is oligopoly industry.
if single seller are in a particular Industry then it is not a Monopoly .
So the correct answer here is option B