Question

What is a monopoly?

a system in which people earn wages and buy the goods and services they choose


a market that has only one seller of a product, and the seller can influence the price of the product


a business owned by many people called stockholders


a market that relies on the trading of goods and services without the use of money

Answer 1

Answer: B. a market that has only one seller of a product, and the seller can influence the price of the product

Explanation: I got it in k12 Good luck on the test!!

Answer 2

Hey :)

A monopoly is a market that has only one seller of a product, and the seller can influence the price of the product


Another definition is: A monopoly is a market structure characterized by a single seller, selling a unique product in the market

Hope this helps!