Stuff-It Corporation is the sole producer of Trindles, a new toy. Stuff-It would be an example of:

Question

Quizplus · Accepted Answer

Stuff-It Corporation is the sole producer of Trindles, which indicates that it has complete control over the market. Therefore, it is a monopoly. A cartel involves multiple firms that collude to limit competition, while an oligopoly involves a small number of firms that dominate a market. A competitive firm is one that operates in a highly competitive market with many other firms.

Stuff-It Corporation Is the Sole Producer of Trindles, a New