A group of companies that acts like a monopoly is a:
A)oligopoly.
B)conglomerate.
C)trust.
D)None of the above

Question

Quizplus · Accepted Answer

A group of companies that acts like a monopoly is known as a trust. Trusts occur when several companies merge, usually by buying up all the stocks of other companies in the same industry, and create a single entity that controls the market. This is done with the intention of reducing competition and increasing profits.

A Group of Companies That Acts Like a Monopoly Is