A monopoly is an enterprise that is the only seller of a good or service. In the absence of government intervention, a monopoly is free to set any price it chooses and will usually set the price that yields the largest possible profit. Just being a monopoly need not make an enterprise more profitable than other enterprises that face competition: the market may be so small that it barely supports one enterprise. But if the monopoly is in fact more profitable than competitive enterprises, economists expect that other entrepreneurs will enter the business to capture some of the higher returns. If enough rivals enter, their competition will drive prices down and eliminate monopoly power.
Because of large reserves that center around the Persian Gulf, the Middle East often produces as much as two-thirds of the world’s supply of "Petroleum," since this is made from fossil-based oil.
Answer:
True
Explanation:
hope it's help po correct me if I'm wrong tnx
Horses
Sugar
I think I feel like there’s more than that but yeah I hope I’m right if I’m wrong I apologize
