Natural cork lost its ________ when a new technology allowed wine bottles to be sealed with plastic corks.
A) perfect competition
B) product differentiation
C) monopoly
D) monopolistic competition
E) oligopoly

Question

Quizplus · Accepted Answer

Natural cork had a monopoly on sealing wine bottles until the introduction of plastic corks, which broke its exclusive control over this market.

Natural Cork Lost Its ________ When a New Technology Allowed