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Consider the following two statements about structural representations of molecules, and select the CORRECT response.
1) In a ring structure, an unlabeled atom at the angle where two lines join is assumed to be a carbon atom.
2) Unlabeled atoms joined to carbon atoms, which are not directly part of a ring structure, are assumed to be oxygen atoms.
Pure Monopoly
A market structure characterized by a single seller selling a unique product in the market. In a pure monopoly, the single seller controls the entire market supply and sets prices.
Allocative Inefficiency
A situation where resources are not allocated in a way that maximizes the welfare or utility of consumers, often leading to a loss of economic efficiency.
Regulation Prices
Regulation prices involve government-imposed limits on the prices that can be charged for goods and services in certain markets to protect consumer interests.
Unregulated Monopolist
A monopolist that operates without governmental restrictions or regulations, freely setting prices and output levels without external interference.
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