Which of the following is a market structure in which only one seller of a product exists and for which there are no close substitutes?
a. Pure competition
b. Monopolistic competition
c. Oligopoly
d. Monopoly
Answer: D
Which of the following is a market structure in which only one seller of a product exists and for which there are no close substitutes?
a. Pure competition
b. Monopolistic competition
c. Oligopoly
d. Monopoly
Answer: D