Question
During the industrialization of the early 1900s, many businessmen attempted to create monopolies within their respective markets. Which of these describes a monopoly?
A.
a combination of companies are controlled by a central board
B.
only one seller possesses a good desired in the market
C.
business owners sell stock and raise large amounts of capital
D.
exclusive ownership rights are granted for an invention
A.
a combination of companies are controlled by a central board
B.
only one seller possesses a good desired in the market
C.
business owners sell stock and raise large amounts of capital
D.
exclusive ownership rights are granted for an invention
Answers
GPT 3.5
B. only one seller possesses a good desired in the market