Question

When a company owns enough of a market to control the price of goods and services as well as how much it pays for labor it can be considered ?

Answer 1

a company owning enough of a market to control prices is called a monopoly

Answer 2

Answer: a monopoly

Step-by-step explanation:

A monopoly refers to a commercial structure in which one company hoards the whole market without any competitive constraints from other businesses. Monopolies usually emerge from an unlawful advantage over the competition. A monopoly is regularly the only seller of a product or controls most of the business.

Monopolies are an outcome of free-market capitalism because the lack of restrictions allows a single firm to own all the market.