Question

You are more likely to sell your goods at very high prices if you are in a _____ market.

ANSWER CHOICES

A.single seller
B.very competitive

Answer 1

a= single seller because at high price and in a competitive market you will never get buisness now with a single seller no one else is around so you can name your price

Answer 2

You are more likely to sell your goods at very high prices if you are in a single seller market. Correct answer: A

Single seller market is another name for pure monopolistic market structure in which there is only one seller or producer of a certain good.  Because there is no competition, this seller has the absolute domination over the market and definition of the prices.