Question

Which sentences below indicate that Arnold’s company is a monopoly?

A.Arnold started a software company that offers a new kind of technology for secure transactions
B.It is very popular with online merchants.
C.The product is incompatible with other types of online checkout systems so, the merchant must switch to Arnold’s company to use the security features.
D.Soon, almost all merchants prefer Arnold’s technology and competing technologies start to lose market share.
E.Arnold now has over 80 percent of the market and will soon likely own the entire market because his technology is only compatible with his interface
THERE'S MORE THAN ONE ANSWER

Answer 1

Answer: the answer is only C and E

D was incorrect

Step-by-step explanation:

I got it right on my test ; )

Answer 2

When someone has a monopoly they tend to have near complete control in their market. They usually have horizontal and/or vertical integration as well. Along with this, a monopoly usually puts small businesses out of business, and their products are generally only compatible with their own products. That being said, the answers would most likely be C, D, and E.