Solved

Which of the Following Is a Valid Observation of Monopolies

Question 120

Multiple Choice

Which of the following is a valid observation of monopolies?


A) Monopolies are an illegal form of business in most countries including Canada.
B) The effect of substitute products is prominent in a monopoly.
C) This is the most common form of market competition.
D) A monopoly exists when there is only one company selling in the market.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents