History
NealHuskin
2016-09-20 00:33:24
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.
ANSWERS
curlyb96
2016-09-20 06:30:10

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. 

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