1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
scZoUnD [109]
3 years ago
15

) This is when one company controls the market for a certain product, there is no competition.

History
2 answers:
Tanzania [10]3 years ago
8 0

Definition: This is when one company controls the market for a certain product, there is no competition.

Example: Standard Oil Company

ANSWER: Monopoly.

A monopoly is when one company or entity controls an entire share of a market. For example, if Apple became the only company you could buy a cell phone from, this would make Apple a monopoly. Monopolies can hurt the American economy, as a business with no competition can essentially charge whatever they want for a good or service since there will be no business who will offer a better prices.

vredina [299]3 years ago
6 0

What you are describing is called a monopoly.

A monopoly is when one company or entity controls an entire share of a market. For example, if Apple became the only company you could buy a cell phone from, this would make Apple a monopoly. Monopolies can hurt the American economy, as a business with no competition can essentially charge whatever they want for a good or service since there will be no business who will offer a better prices.

You might be interested in
Which territories came under US control as a result of the treaty with Spain? Check all that apply.
WARRIOR [948]
Answer:
Puerto Rico, the Philippines, Guam

Explanation:
The Treaty of Paris (1898) officially ended the Spanish-American War. The United States acquired Guam, Puerto Rico, and the Philippines as territories. Cuba technically gained its independence, but United States soldiers remained in the country for years, commonly intervening in the new nation's politics.
3 0
3 years ago
Read 2 more answers
How were the American Indians affected by the French and Indian war? They were left with huge financial debt after the war They
Bond [772]

Explanation: The French and Indian War began in 1754 and ended with the Treaty of Paris in 1763. The war provided Great Britain enormous territorial gains in North America, but disputes over subsequent frontier policy and paying the war's expenses led to colonial discontent, and ultimately to the American Revolution.

3 0
3 years ago
What term means to banish or exclude from church membership, especially within the Roman
Elden [556K]

Answer: I believe the answer is excommunicate.

7 0
3 years ago
Read 2 more answers
Which crops were most dependent on slave labor
igor_vitrenko [27]

Answer:

tobacco,cotton and or sugar cane

Explanation:

If the Confederacy had been a separate nation, it would have ranked as the fourth richest in the world at the start of the Civil War. The slave economy had been very good to American prosperity.

4 0
3 years ago
Read 2 more answers
When did Hitler attack Poland?
romanna [79]
September 1, 1939.
according to an article.
6 0
3 years ago
Read 2 more answers
Other questions:
  • The Articles of Confederation gave Congress the power to:
    15·2 answers
  • Which is a monetary policy that would be useful in stopping deflation?
    12·1 answer
  • 21.(LC)
    13·1 answer
  • This question has two parts. First, answer Part A. Then, answer Part B.
    9·1 answer
  • The u.s policy of internment during world war 2 involved
    6·2 answers
  • What religion was the majority of the population in the Safavid Empire by the end of the eighteenth century?
    9·2 answers
  • What is Truman's bias ?
    15·1 answer
  • How did the English Bill of Rights establish rule of law?
    12·2 answers
  • Please help me it 11:pm and I wanna sleep
    10·1 answer
  • Those who opposed slavery were referred to as
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!