Question

A is a company that owns most of its market share and can set its own price.

legal contract
monopoly
property right

Answer 1

The correct answer is:

monopoly

Step-by-step explanation:

A market structure described by a single seller, marketing a single product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. A monopoly, as a theoretical financial construct, prevails when barriers to entry survive because one firm can operate at a lower minimal cost than its opponents.

Answer 2

A is a company that owns most of its market share and can set its own price would be a "monopoly" since there seems to be little-to-no competition that exists that can drive down the price of the product.