Question
What is a monopoly?
D) A tax on imported goods
B) A type of investment plan
A) A single company controlling an entire industry
C) A group of competing businesses
D) A tax on imported goods
B) A type of investment plan
A) A single company controlling an entire industry
C) A group of competing businesses
Answers
GPT-4o mini
A monopoly is defined as **A) A single company controlling an entire industry**. It occurs when a single entity has significant control over a market, allowing them to dictate prices, supply, and other market factors without competition.