Ashford Eco100 week 3 assignment

Do Pure Monopolies Exist?Respond to the following statement as described in Study Question 1 at the end of Chapter 8 from the text. “No firm is completely sheltered from rivals; all firms compete for consumer dollars. If that is so, then pure monopoly does not exist.”Explain if monopolies do or do not exist and provide a response that demonstrates your understanding of monopolies. Your paper must be two to three double-spaced pages (excluding the title and reference pages) and formatted according to APA style as outlined in the Ashford Writing Center. Support your response by using at least two scholarly sources in addition to the textbook.