Which of the following conditions is true of a pure monopoly?
Select one:
a. The item being sold is inelastic.
b. Competition does not exist.
c. Both of the above statements are true.
d. Neither of the above statements is true.
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Question

Which of the following conditions is true of a pure monopoly?
Select one:
a. The item being sold is inelastic.
b. Competition does not exist.
c. Both of the above statements are true.
d. Neither of the above statements is true.
@Ashleyisakitty @AyeeCutieePiee @brieculver @Victoriashtey @VortexAlliby @YanaSidlinskiy @andy11 @NadiaElhaj_1 @nicoleeashleeee @charnia7 @camzzzie @amilapsn @mousey1234 @Mokeira @ToxicAiden @trouble67 @torinicole2311 @tHe_FiZiCx99

mokeira · Answer

what is your view on that?

anonymous · Answer

prolly d not sure if not d then a

anonymous · Answer

I think its D I'm not sure though

anonymous · Answer

me too none of the others sound right

mokeira · Answer

i thought pure monopoly means you control the prices and you have no one who is competing with you because you are monopolizing the market....its like you are dictating the market leaving pretty much every trader way way below you with absoluteyl no say

mokeira · Answer

am i right or wrong???? help please am  not too good in eceonomics

mokeira · Answer

*economics

anonymous · Answer

you sound right

mokeira · Answer

attachment

amilapsn · Answer

you are right mok