Which of the following is an example of a shared monopoly?
A) Company A, Company B, and Company C together supply 20 percent of all mufflers in the United States.
B) Company X, Company Y, and Company Z together supply 60 percent of all beds in the United States.
C) Company B, Company U, and Company Y together supply 30 percent of all snow tires in the United States.
D) Company T, Company O, and Company Y together supply 45 percent of all doll dresses in the United States.

Question

Quizplus · Accepted Answer

A shared monopoly occurs when a few companies together control a large portion of the market. In this case, Companies X, Y, and Z supply 60 percent of all beds, indicating significant market control.

Which of the Following Is an Example of a Shared