In which market model would there be a unique product for which there are no close substitutes?

A) monopolistic competition
B) pure competition
C) pure monopoly
D) oligopoly

Unique Product

A product that is different from others in the market due to distinctive features, design, or attributes that make it stand out.

No Close Substitutes

A market condition where a good or service has no similar alternatives, giving it a unique position and potentially more market power.

Market Model

A theoretical construct that describes how different types of markets operate and interact.