Kureha Corporation holds 70 percent of the market as a supplier for polymer,which is used to make the compact battery for smartphones.Why is Kureha Corporation considered as a classic example of a monopoly

Question

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Kureha Corporation is considered a classic example of a monopoly because it arises from the ownership of a key resource, which is the polymer used to make compact batteries for smartphones. As a result, Kureha Corporation has significant control over the market and can potentially limit supply and raise prices. The other options do not apply as Kureha Corporation is not a government-created corporation, there is not enough information to determine if it results in little advertising, and it has not been broken up by the government.

Kureha Corporation Holds 70 Percent of the Market as a Supplier