When does a company officially become a monopoly? a. when it controls more than 25 percent of the output of a certain product b. when the government decides the company is a threat to the national economy c. when a company controls the output for a marketable product without meaningful competition d. when a company controls more than 50 percent of the output of a product
When does a company officially become a monopoly? a. when it controls more than 25 percent of the output of a certain product b. when the government decides the company is a threat to the national economy c. when a company controls the output for a marketable product without meaningful competition d. when a company controls more than 50 percent of the output of a product
Chapter9: Monopoly
Section: Chapter Questions
Problem 7SQP
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Question
When does a company officially become a monopoly ?
a. |
when it controls more than 25 percent of the output of a certain product
|
b. |
when the government decides the company is a threat to the national economy
|
c. |
when a company controls the output for a marketable product without meaningful competition
|
d. |
when a company controls more than 50 percent of the output of a product
|
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