I am struggling to understand why is this the case. I need to prove this, but I don't understand how it's true. For example, if every non-zero element of $R$ has a multiplicative inverse, then it's a field. So how does $R=\{0\}$?
Thanks you for your time :)
We have $0 \cdot x = 1$ for some $x \in R$, so $1 = 0$, and it follows that for $x\in R$, $x = x\cdot 1 = x \cdot 0 = 0$.