Which of the following is an example of a shared monopoly?
A) Company A, Company B, and Company C together supply 20 percent of all mufflers in the United States.
B) Company X, Company Y, and Company Z together supply 60 percent of all beds in the United States.
C) Company B, Company U, and Company Y together supply 30 percent of all snow tires in the United States.
D) Company T, Company O, and Company Y together supply 45 percent of all doll dresses in the United States.
Answer B

Question

Quizplus · Accepted Answer

A shared monopoly typically involves a small number of firms controlling a large portion of the market share. In this case, Companies X, Y, and Z collectively supplying 60 percent of all beds in the United States represents a significant control over the market, fitting the criteria for a shared monopoly.

Which of the Following Is an Example of a Shared