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A market where a single firm accounts for all sales and entry is blocked is a:
APure monopoly
BPure democracy
CPure economy
DPure autonomy
Answer & Solution
Correct answer: A. Pure monopoly
1. Only one seller exists.
2. Barriers keep others out.
3. It is a pure monopoly.
_Source: OpenStax Introduction to Business, Chapter 1, Understanding Economic Systems and Business._
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