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25 August, 13:33

Pure monopoly means:a. any market in which the demand curve to the firm is down-sloping. b. a standardized product being produced by many firms. c. a single firm producing a product for which there are no close substitutes. d. a large number of firms producing a differentiated product.

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  1. 25 August, 13:43
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    A monopoly is when a single firm is producing a product for which there are no close substitutions.
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