A monopoly:
A)has no competition at all.
B)has complete market control.
C)restricts output to maximize profits.
D)All of these statements are true.

Question

Quizplus · Accepted Answer

All of these statements are true. A monopoly exists when a single company or entity has complete control over a particular market, with no competition. This control allows them to dictate prices and output, effectively limiting consumer choice and maximizing profits.

A Monopoly