Which of the Following Is a Characteristic of Pure Monopoly

question 201

Multiple Choice

Which of the following is a characteristic of pure monopoly?

• A) close substitute products
• B) barriers to entry
• C) the absence of market power
• D) "price taking"

---

Definitions:

Logo

A graphical mark or symbol used by businesses to aid and promote public identification and recognition.

Hierarchical Models

Hierarchical models are structured frameworks or systems with levels of authority and organization, designed to streamline decision-making and operations.

Brand Strength

An assessment of the key attributes of a brand and its power in the market, including awareness, loyalty, and perception.