Pure monopoly refers to: Group of answer choices any market in which the demand curve to the firm is downsloping. a standardized product being produced by many firms. a single firm producing a product for which there are no close substitutes. a large number of firms producing a differentiated product.

Respuesta :

Answer:

Option C seems to be the correct choice.

Explanation:

  • A market whereby all single corporation has a complete understanding of the country marketplace when purchasing a product attributable to a certain sort of obstacle to several other companies joining, almost always a patent owned by the attempting to control business.
  • A pure monopoly has been characterized mostly as individual manufacturer sellers, i.e., 100 percent of the market share. Throughout the UK, a corporation can be considered and has monopolistic control if someone has a market penetration of further above 25 percent.

The other given choices aren't related to the given instance. So that alternative C would be the appropriate choice.