Which statement is true about the relationship between a monopoly and its competition in a market?


Asked by maham237 @ in History viewed by 356 People


Which statement is true about the relationship between a monopoly and its competition in a market?
Monopolies are formed when they buy out their competition in a market.
Monopolies thrive when they have competition.
Competition in the market ensures that monopolies charge fair prices.
Competition in the market helps monopolies to develop.

Answered by maham237 @



Answer : A. Monopolies are formed when they buy out of their competition in a market

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