The correct answer to the question is "pure monopolist."

### Explanation:
A pure monopolist is defined as the sole seller in a market for a particular product or service, with no close substitutes available. This unique position gives the monopolist significant control over the market price and supply of the product. The other options represent different market structures:

1. **Cartel**: A group of firms that collude to control production and prices, not a single seller.
2. **Pure Oligopolist**: A market structure with a few sellers where each firm has some control over market prices.
3. **Duopolist**: A market structure with only two sellers.

In contrast, a pure monopolist operates alone in the marketplace, making it distinctly unique from the other options.

Question

The correct answer to the question is "pure monopolist."

### Explanation:
A pure monopolist is defined as the sole seller in a market for a particular product or service, with no close substitutes available. This unique position gives the monopolist significant control over the market price and supply of the product. The other options represent different market structures:

1. **Cartel**: A group of firms that collude to control production and prices, not a single seller.
2. **Pure Oligopolist**: A market structure with a few sellers where each firm has some control over market prices.
3. **Duopolist**: A market structure with only two sellers.

In contrast, a pure monopolist operates alone in the marketplace, making it distinctly unique from the other options.

Knowee AI · Accepted Answer

The correct answer to the question is "pure monopolist."

### Explanation:
A pure monopolist is defined as the sole seller in a market for a particular product or service, with no close substitutes available. This unique position gives the monopolist significant control over the market price and supply of the product. The other options represent different market structures:

1. **Cartel**: A group of firms that collude to control production and prices, not a single seller.
2. **Pure Oligopolist**: A market structure with a few sellers where each firm has some control over market prices.
3. **Duopolist**: A market structure with only two sellers.

In contrast, a pure monopolist operates alone in the marketplace, making it distinctly unique from the other options.

A ______ is the only seller in a market.Multiple choice question.cartelpure oligopolistduopolistpure monopolis

Question

A ______ is the only seller in a market.

Solution

Explanation:

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