Pure monopoly is defined as a
a. one-firm industry.
b. market structure in which there are many substitute products.
c. market structure maintained by entry of many rival firms.
d. market structure created by special government sanctions.
a
Economics
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If average variable cost is decreasing as output increases, then marginal cost is definitely
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The opportunity cost of attending a movie is the purchase price of a ticket
a. True b. False Indicate whether the statement is true or false
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