Question

The former Soviet republic Turkmenistan in Central Asia is one of the last countries on the planet to gain Internet access. The only Internet service provider for the entire country is Turkmen Telecom. There is no need for price competition, promotion, or product differentiation because Turkmen Telecom is a(n): Group of answer choices a.oligopoly. b.pure competitor. c.monopolistic competitor. d.pure monopoly. e.free enterprise.

Answer 1

Answer:

d.pure monopoly

Explanation:

Monopoly is a term used in economics to refer to a company or business organization that has little or no competition and so is at a better position to exploit the public at will as they are in control of price and at a better bargaining power. There is hardly any need for marketing or promotion under monopoly. This is demonstrated by Turkmen Telecom which has absolute monopoly as they are the only business in that market