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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

"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

A) positive and less than 1

B) negative and less than 1

C) positive and greater than 1

D) negative and greater than 1

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