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  3. Study Set
    Economics of Social Issues
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    Exam 2: Economic Systems, Resource Allocation, and Social Well-Being: Lessons From Chinas Transition
  5. Question
    A Market with Only One Seller of a Product That
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A Market with Only One Seller of a Product That

Question 5

Question 5

Multiple Choice

A market with only one seller of a product that has no good substitutes is called


A) A pure monopoly
B) A pure command economy
C) Purely competitive
D) Imperfectly competitive
E) An oligopoly

Correct Answer:

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