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Alla [95]
2 years ago
13

Which statement is true about the relationship between a monopoly and its competition in a market?

History
2 answers:
erica [24]2 years ago
6 0
A monopoly would have almost complete control over a market, and would have virtually no competition 

hope this helps
yarga [219]2 years ago
4 0

Answer:

In a monopoly market structure, only one firm is dominating a particular industry. Monopoly power exists when a single firm controls more than 25 percent of a market. A natural monopoly market structure can be due to natural advantages such as strategic location and abundance of natural resources. E.g Gulf countries have a monopoly in crude oil production because of many natural oil resources available there. There are no competitions in the market and the monopolist are in a  position to decide the price of the product. The monopolist is a  price maker.

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7 0
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fomenos

Answer:

Again, just as the largest measure of responsibility in the government of the nation rests upon local self-government so does the largest measure of social responsibility in our country rest upon the individual.

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Explanation:

"Rugged individualism" is the term that defends the idea that citizens should be responsible for their own success and for the harmony and comfort of the region in which they live, and the State should not interfere, or interfere very little in what is related to that responsibility.

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7 0
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LekaFEV [45]

Answer:

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