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1 Point What is a basic difference between pure competition and monopolies? O A. The number of buyers O B. The amount of taxes paid O C. The number of producers O D. The amount of goods produced
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What is a basic difference between pure competition and monopolies?
O
A. The number of buyers
O
B. The amount of taxes paid
O
C. The number of producers
O D. The amount of goods produced

User Hamlet
by
5.4k points

1 Answer

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A. The number of producer

Pure competition has multiple sellers/producers of a good in the market. There are choices.

A monopoly is a single seller and there are no other options for the consumer/buyer does not have a choice or option
User Paulie
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