Which of the Following Is a Distinct Characteristic of a Pure

Multiple Choice

Which of the following is a distinct characteristic of a pure monopolistic economy?

A) many small suppliers, with virtually identical products
B) small number of suppliers with products, which can be distinguished in important ways
C) only one supplier, with monopoly granted by government mandate
D) only one supplier, with monopoly achieved by innovation and specialization
E) few suppliers, with products that can be distinguished but are similar enough to be replacements