For a pure monopoly to exist,
A. there is a single seller in a particular industry
B. there is only one seller, therefore no industry
C. there are a few sellers in a given industry
D. there are limited sellers in a particular industry
Answer:A
For a pure monopoly to exist,
A. there is a single seller in a particular industry B. there is only one seller, therefore no industry C. there are a few sellers in a given industry D. there are limited sellers in a particular industry
Explanation: 31. If monopolists are able to produce fewer goods and sell them at a higher price than they could under perfect competition, the result will be