Monopoly capitalism refers to a phase where a few large corporations dominate the market, but it does not mean that competition disappears completely. It emerged in the late 19th and early 20th centuries, not at the turn of the 19th century.

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Monopoly Capitalism

Question 18

Multiple Choice

Monopoly capitalism:

A) refers to a phase of capitalist development in which the competitive character of capitalism disappears completely
B) emerged at the turn of the nineteenth century
C) refers to a phase of capitalist development in which a few large corporations dominate the market for many industries
D) all of the above

Correct Answer: