asked 193k views
3 votes
"When one firm is able to dominate the market and no other firm is able to enter the market, a(n) ______________ has formed.

A. oligopoly
B. monopoly
C. conglomerate
D. vertical merger"

1 Answer

5 votes
When one firm is able to dominate the market and no other firm is able to enter the market, a monopoly has formed. This means that they have exclusive control of the supply in that area. In the U.S, the government tries regulates businesses so that their is no monopoly. The correct answer is B.
answered
User Paul Naveda
by
8.3k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.