Answered

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



Answer :

GinnyAnswer

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.


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