Which situation best describes a monopoly?
O A. A small Thai restaurant competes with an Ethiopian restaurant
across the street.
O B. A group of vendors compete to sell the same drinks to fans at a
baseball game.
C. A large oil company buys all of its competitors and shuts them
down permanently.
O D. A few large airlines work together to set high prices and eliminate
new competitors.
Answers: 2
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Which situation best describes a monopoly?
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