Question

pure monopoly is?
reality
myth
often prevalent
sometimes prevalent​

Answer 1

Answer:

Easy (that's not the answer)

Explanation:

In neoclassical economics, perfect competition is a theoretical market structure in which six economic factors must be met. Neoclassical economists claim that perfect competition would produce the best possible economic outcomes for both consumers and society.

These criteria must be met in order for a market to be considered perfectly competitive: all firms sell an identical product; all firms are price-takers; all firms have a relatively small market share; buyers know the nature of the product being sold and the prices charged by each firm; the industry is characterized by freedom of entry and exit. All real markets exist outside of the perfect competition model because it is an abstract, theoretical model.