Which statement best describes a monopoly?
Responses
Consumers are free to decide which company's product is better.
Consumers are free to decide which company's product is better.
Many companies share the market for one product.
Many companies share the market for one product.
One company controls all the means of production of a product.
One company controls all the means of production of a product.
The government decides which companies can make a product.
1 answer
One company controls all the means of production of a product.
1 answer