A Firm That Is A Pure Monopoly Is. B) a standardized product being produced by many firms. 1.a firm is a pure monopoly when:

— according to koutsoyiannls, monopoly is a market situation in which there is a single seller, there are no close substitutes for commodity it produces, there are barriers to entry. — in the words of baumol, a pure monopoly is defined as the firm that is also an industry. ‘mono’ means ‘one’ and ‘poly’ means ‘seller’. A pure monopoly is a single supplier within a defined market or industry.