History, 15.01.2020 05:31 Xaviiier

Which economic term describes a situation where one company controls all the means of production of a product and can set its own price?
a. tariff
b. monopoly
c. inflation
d. corporation

Answers: 2

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Which economic term describes a situation where one company controls all the means of production of a product and can set its own price? a. tariff b. monopoly c. inflation d. corporation

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Another question on History

Which economic term describes a situation where one company controls all the means of production of a product and can set its own price?
a. tariff
b. monopoly
c. inflation
d. corporation