A Monopoly Occurs When One Company Is Able to Control

question 45

True/False

A monopoly occurs when one company is able to control a product's supply and, therefore, its price.

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Definitions:

Revoked

To officially cancel or annul an authorization, license, or legal agreement.

Unequivocal

Leaving no doubt; unambiguous or clear in expression or meaning.

Timely Basis

The act of completing or delivering something within an expected or appropriate time frame.

Zygote

The initial cell formed when a sperm cell fertilizes an egg cell, representing the earliest developmental stage of an embryo.