Which statement best describes a monopoly?

A.
The government decides which companies can make a product.

B.
One company controls all the means of production of a product.

C.
Consumers are free to decide which company's product is better.

D.
Many companies share the market for one product.

Question

Which statement best describes a monopoly?	
 
 A.
The government decides which companies can make a product.
 
 B.
One company controls all the means of production of a product.
 
 C.
Consumers are free to decide which company's product is better.
 
 D.
Many companies share the market for one product.

anonymous · Answer

I'm guessing B, because a monopoly is basically when you have entire ownership of a complete thing.

anonymous · Answer

thank you