Which of the following best approximates a pure monopoly? a

Marketing Jan 11, 2021

Which of the following best approximates a pure monopoly?

a. The NFL.

b. The steel market.

c. The oil market.

d. The fast-food market.

Expert Solution

a. The NFL. is the best approximates a pure monopoly. A pure monopoly is a type of market structure where one only one firm sells a certain goods or services. Also, it does not have any substitutes. The National Football League is the only league in football in America. Being a pure monopoly, the NFL has the ability to set rules and other administrations relating to football. As a result, the NFL has control in the market of football.

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