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.