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Shtirlitz [24]
3 years ago
8

On april 6, apple entered into a signed contract with bean, by which apple was to sell bean an antique automobile, having a fair

market value of $150,000, for $75,000. apple believed the auto was worth only $75,000. unknown to either party, the auto had been destroyed by fire on april 4. if bean sues apple for breach of contract, apple's best defense is
Business
1 answer:
OlgaM077 [116]3 years ago
6 0
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Pure monopoly refers to Multiple Choice any market in which the demand curve for the firm is downsloping. a standardized product
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Answer:

a single firm producing a product for which there are no close substitutes.

Explanation:

A pure monopoly is a single supplier having a market or industry i.e. defined. The firm should be considered as an industry also in this there is no competitor or any subsitution existed. It can be arise at the time when the market share of the one firm is more than 90%

So as per the given situation, the above represent the answer

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Answer:

The correct answer is: a virtual corporation.

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