Answered

  1. Which of the following is the feature of pure monopoly?
    A. Single producer
    B. Close substitute products
    C. More elastic demand
    D. Uniform price

Verified Answer :

GinnyAnswer

Final answer:

A monopoly features a single producer and uniform pricing for all market segments, ensuring no close substitute products are available.


Explanation:

A monopoly is characterized by having a single producer in the market, which implies no close substitute products being available to consumers. The uniform price feature of a pure monopoly signifies that the monopolist sets the same price for all segments of the market, due to various reasons like legal constraints or to prevent arbitrage opportunities.


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