Having a large percentage of the market is not necessarily a monopoly.

Question

Quizplus · Accepted Answer

Having a large percentage of the market share does not necessarily mean that a company has exclusive control over the market, which is the defining characteristic of a monopoly. Other companies may still be able to compete or enter the market, even if one company has a significant share. However, having a large market share can still give a company significant power and influence in the industry.

Having a Large Percentage of the Market Is Not Necessarily