Question

What is a monopoly?
O
A. When one company is strong enough to control an entire industry
O
B. When the government controls a part of a business
O
C. When one company controls the local government
O
D. When one company has factories in another country

Answer 1

The answer is A.
Think about it like the game ‘Monopoly’. The point is to get as many properties as you can and force everyone else into bankruptcy. That’s how industrial monopolies are.
Hope this helps.

Answer 2

Answer: i think the answer a

Explanation: One of the four market structures, with the following characteristics: a single or dominant large firm in the industry; significant control over price; produces and sells a unique product with no close substitutes; high barriers to entry into the industry. Examples include telephone, water and electricity companies in areas where they operate as a single supplier.