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Which statement is true about the relationship between a monopoly and its competition in a market?

Which statement is true about the relationship between a monopoly and its competition-example-1

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Answer:

A. A monopoly is formed when businesses buy out their competition

Step-by-step explanation:

A monopoly is a business that has little to no competition. So when a business buys out its competition, there are less and less competitors until the business becomes a monopoly, essentially taking over the marketplace.

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