Which statement is true about the relationship between a monopoly and its competition in a market? monopolies are formed when they buy out their competition in a market. monopolies thrive when they have competition. competition in the market ensures that monopolies charge fair prices. competition in the market monopolies to develop.

First you must understand that a monopoly is formed when it is the only company/firm that dominates the market. This means that there is NO competition for this companies product whatso ever. Usually a monopoly buys all the companies that could or was once their competition.

The only answer that is true is:

Monopolies are formed when they buy out their competition in a market.

Hope this helped!

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A) Monopolies are formed when they buy out their competition in a market.

a true

explanation:

c) they were beaten and fired from their jobs.