Question

How does a monopoly increase a corporation's profits?

A. by using mass production to lower costs
B. by minimizing financial risks for investors
C. by outlawing labor unions
D. by eliminating competition to control prices

Answer 1

Answer is D. By eliminating competition to control prices.

Answer 2

The answer is D. A Monopoly is exclusive control of the supply in a market. For example if Johnny’s Corporation had main control over the supply of peaches in the market, there would be no other competition, so he would make insane amount of profits