Answered

IDNLearn.com: Your one-stop destination for reliable answers to diverse questions. Our experts provide prompt and accurate answers to help you make informed decisions on any topic.

What is a monopoly?

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

Sagot :

GinnyAnsweridn

Final answer:

A monopoly is a situation where one company has exclusive control over offering a particular product or service, dominating the market.


Explanation:

Monopoly is a situation where one company has exclusive control over providing a specific product or service, dominating the market and exerting significant power. Monopolies lack competition and can charge high prices due to their market dominance. They can be naturally occurring or established through market conditions or regulations.


Learn more about Monopoly here:

https://brainly.com/question/33076874


Thank you for contributing to our discussion. Don't forget to check back for new answers. Keep asking, answering, and sharing useful information. Thanks for visiting IDNLearn.com. We’re dedicated to providing clear answers, so visit us again for more helpful information.