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When a company owns enough of a market to control the price of goods and services as well as how much it pays for labor, it can be considered _____.

When a company owns enough of a market to control the price of goods and services as well as how much it pays for labor, it can be considered _____.
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When a company owns enough of a market to control the price of goods and services as well as how much it pays for labor, it can be considered _____.

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User Mykel
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2 Answers

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The answer is a monopoly!
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User Nicholas Flees
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8.5k points
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A monopoly. Hope this helps!
answered
User Pyrachi
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7.9k points
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