Place an X in front of the description of a monopoly. ONE ANSWER ONLY
_____ When one company controls the price, production and distribution of an entire industry.
_____ When one company shares all aspects of production of a product, from price to profit.
_____ When the production and profits of a company are shared with the workers and owners.
X _____ When one company controls the price, production and distribution of an entire industry.
X _____ When one company controls the price, production and distribution of an entire industry.
To place an X in front of the description of a monopoly, you will need to carefully read through each description and identify which one accurately describes a monopoly.
The correct description of a monopoly is:
X _____ When one company controls the price, production, and distribution of an entire industry.