Which statement is true about the relationship between a monopoly and its competition in a market?

Question

History

Guest

3 May, 16:34

Which statement is true about the relationship between a monopoly and its competition in a market?

+5

Answers (1)

Know the Answer?

Yasmine Holt · Answer 1

Assuming that this is referring to the same list of options that was posted before with this question, the correct response would be the first, having to do with the fact that monopolies greatly diminish competition in a market, since they consolidate power within a single firm.