briannajohnson6897
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  • 24-06-2022
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Which statement is true about the relationship between a monopoly and its competition in a market?

Which statement is true about the relationship between a monopoly and its competition in a market class=

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joshualee0719
joshualee0719 joshualee0719
  • 24-06-2022

Answer:

A. A monopoly is formed when businesses buy out their competition

Explanation:

A monopoly is a business that has little to no competition. So when a business buys out its competition, there are less and less competitors until the business becomes a monopoly, essentially taking over the marketplace.

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