Question

In: Economics

For a pure monopoly to exist there is/are: Group of answer choices limited sellers in a...

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.

Solutions

Expert Solution

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

Rahul Sunny answered 1 year ago
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