Economic Institute
-What is it called when four or fewer companies handle the production of more than half of all of a particular good or service?

Question

Quizplus · Accepted Answer

A shared monopoly occurs when four or fewer companies are responsible for producing more than half the market quantity of a good or service. With companies growing in size through mergers and multinational corporations, shared monopolies are becoming more common. In socialism, only the government controls the production of goods and services.

Economic Institute -What Is It Called When Four or Fewer Companies Handle