Question

Which situation describes a monopoly market structure?

A. Many different vendors sell the same few T-shirt designs to fans at
a concert.
B. Solar panels are only available from two companies operating in a
country
C. A lot of new Chinese restaurants open in an area with a growing
Chinese population
D. One company builds and sells all of the cars available in a
developing country.

Answer 1

D. One company builds and sells all of the cars available in a

developing country. That if so gives the one company a monopoly, because there is only one company supplying that service.