110k views
3 votes
A is a company that owns most of its market share and can set its own price.

monopoly
property right
legal contract

2 Answers

6 votes
the answer is property right
User Miserable
by
7.9k points
4 votes

The correct answer is:

monopoly

Explanation:

A market structure described by a single seller, marketing a single product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. A monopoly, as a theoretical financial construct, prevails when barriers to entry survive because one firm can operate at a lower minimal cost than its opponents.

User James Lim
by
7.7k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.