No firm is completely sheltered from rivals; all firms compete for consumer dollars. if that is so, then pure monopoly does not exist.” a monopoly is more likely to persist if the cross price elasticity of demand is
The answer to the given question is "Positive and less than 1".
No firm is completely sheltered from rivals: all firms compete for the consumer dollar. If that is so, then pure monopoly does not exist. "A monopoly is more likely to persist if the cross-price elasticity of demand is Positive and less than 1".
