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Mars2501 [29]
3 years ago
14

What are companies that have complete control over a particular product or industry

History
2 answers:
Liono4ka [1.6K]3 years ago
5 0
Monopolies is your best answer..hope this helps!
FinnZ [79.3K]3 years ago
5 0

Answer:    Monopolies

Explanation:  Companies that have control over the production of a particular product, industry or service are monopolies. The monopoly implies that there is no competition in a particular field of production or industry, and in this way there is only one producer who, because of the fact that the only one can determine the price, possesses absolute power in that field of production. In order to create conditions for eliminating competition and creating a monopoly, there are many factors that are necessary, but often the state can be the one that creates the conditions of the monopoly, the so-called state monopoly.

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