A. Monopolies form when companies buy out competing businesses in a market. A monopoly means that one company controls an entire market, and by buying out competing businesses, this would be accomplished. Options B, C, and D all seem to imply that monopolies have competition, but they do not, as they control an entire market.
Which of the following best explains the connection between monopolies and market competition? A. Monopolies form when companies buy out competing businesses in a market. B. Strong competition between companies in a market helps monopolies grow. C. Competition in a market forces monopolies to charge customers fair prices. D. Monopolies can only succeed when they have greater competition in a market.