What no close substitutes means as it relates to consumers and a pure monopoly:
a. Consumers have no alternative products or services to turn to if the monopolist raises prices.
b. The monopolist has a unique product or service with no comparable options in the market.
c. Consumers are forced to purchase from the monopolist due to lack of alternative choices.
d. The monopolist has complete control over the supply and distribution of the product.
e. The monopolist does not face competition from similar products or services.