Place an X in front of the description of a monopoly. ONE ANSWER ONLY

Question

_____ When one company controls the price, production and distribution of an entire industry.
_____ When one company shares all aspects of production of a product, from price to profit.
_____ When the production and profits of a company are shared with the workers and owners.

Answer 1

X _____ When one company controls the price, production and distribution of an entire industry.