Question

Can Danel be regarded as a monopoly in South Africa

Answer 1

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To determine whether Danel can be considered a monopoly, you must evaluate the characteristics of that company within a system of competition with other similar companies. A company is only considered a monopoly if it alone dominates the production and sale of a particular product or service, preventing the emergence of competing companies. In this case, if Danel has this type of characteristic, it means that it can be considered a monopoly, however, if Danel is inserted in a system where other companies produce and sell the same product as it, it means that it is not a monopoly .