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Pure monopoly means:a. any market in which the demand curve to the firm is down-sloping.b. a standardized product being produced by many firms.c. a single firm producing a product for which there are no
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Pure monopoly means:a. any market in which the demand curve to the firm is down-sloping.b. a standardized product being produced by many firms.c. a single firm producing a product for which there are no close substitutes.d. a large number of firms producing a differentiated product.

User John Livermore
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A monopoly is when a single firm is producing a product for which there are no close substitutions.
User Robin French
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