Which term refers to an economic situation where only one company makes a product and is therefore able to fix the selling price?

A.
capitalism

B.
monopoly

C.
anarchy

D.
socialism

Question

Which term refers to an economic situation where only one company makes a product and is therefore able to fix the selling price?  
 
 

 
 

  

  A. 
  capitalism   
   

 
 

  

  B. 
  monopoly   
   

 
 

  

  C. 
  anarchy   
   

 
 

  

  D. 
  socialism

anonymous · Answer

b

anonymous · Answer

A. Capitalist

anonymous · Answer

Monopoly organisation consist of corporations which operate multiple companies

anonymous · Answer

http://en.wikipedia.org/wiki/Monopoly

anonymous · Answer

Do not trust Wiki or this HungryLayne guy

anonymous · Answer

http://dictionary.reference.com/browse/monopoly

anonymous · Answer

Monopolies control entire markets using multiple companies.

anonymous · Answer

@orwell84 -_- its B i have this right now and i found it in my book

anonymous · Answer

A is a total different thing