Which of the Following Best Fits the Definition of a Monopoly

question 103

Multiple Choice

Which of the following best fits the definition of a monopoly?

• A) the local cable company
• B) IBM, the world's largest manufacturer of certain types of computers
• C) Panasonic, the only company that sells Technics brand of stereos
• D) General Motors

---

Definitions:

Two Months' Notice

A formal notification, often in employment or tenancy agreements, requiring two months' advance warning before termination.

Landlord

An owner of property who rents it out to tenants in exchange for monthly rent.

Agreement For Sale

An agreement where title will be transferred at some time in the future, typically once the property is fully paid for; an agreement that grants possession of property to the purchaser pending full payment of the price.

Retake Possession

The act of reclaiming ownership or control of property, typically by a seller or lender from whom the property was bought on credit or leased.