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.
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.
The government decides which companies can make a product.
Many companies share the market for one product.
1 answer
One company controls all the means of production of a product.