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Alla [95]
3 years ago
13

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

History
2 answers:
erica [24]3 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]3 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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Which item is an expample of a secondary source
KIM [24]

Answer:

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Explanation:

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Rainbow [258]

Answer:

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Explanation:

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.--That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

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Answer:

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Explanation:

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