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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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Answer:

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Explanation:

Realising the extinction of the entire community, the elders of the colony decided to try something radically different: the introduction of private property and the right of the individual families to keep the fruits of their own labor.

The Plymouth Colony experienced a great bounty of food. Private ownership meant that there was now a close link between work and reward. Industry became the order of the day as the men and women in each family went to the fields on their separate private farms. When the harvest time came, not only did many families produce enough for their own needs, but they had surpluses that they could freely exchange with their neighbors for mutual benefit and improvement.

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Answer:

(B)<em> Its denotation is "personality;"; its connotation is "unavoidable."</em>

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<em>C. Felt that government was at odds with the concept of liberty. </em>

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