Which statement is true about the relation between a monopoly and it's competition in a market?

History

1 answer:

miss Akunina [59]3 years ago

4 0

Answer:

A monopoly is complete domination over an industry. Ex. Rockefeller, Carnegie, etc.

Explanation:

When monopolies exist, competion is usually low because they can use vertical/horizontal integration and other methods many may consider "unethical"

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Which statement is true about the relation between a monopoly and it's competition in a market?​

Which statement is true about the relation between a monopoly and it's competition in a market?