A ________ is a corporation that holds so large a market share for a given good or service that it could drive any company out of business then set any prices it wants.

Question

Quizplus · Accepted Answer

A monopoly is a company that has complete control over a product or service in a given market or industry. Because they do not have any competitors, they have the power to set their own prices and control the supply and demand. This can have negative effects on consumers and the economy as a whole.

A ________ Is a Corporation That Holds So Large a Market