Question

What is monopoly?

a. a market that relies on the trading of goods and services without the use of money
b. a system in which people earn wages and buy the goods and services they choose
c. a market that only has one seller of a product, and the settler can influence the price of the product
d. a business owned by many people called stockholders

Answer 1

Monopoly, Is A Market That Only Has One Seller Of A Product, And The Settler Can Influence The Price Of The Product. (C)

Answer 2

A monopoly is a market where there is no rivalry around their area, making so they dont have to lower their prices to get more sells, so they can increase the price of the product since the citizens dont have a choice to goto a different store. So the correct answer is C

Hope this helps. Have a great day!!