Answer: 7. FTC
8. FCC
9. SEC
10. Monopoly is a kind of market where there is only one seller and many buyers and he has full control over that market. The product has no substitutes and the market has strong barriers to entry. It is bad for competition as the buyer has full control over the price, he can charge as much as he wants. Also because of strong barriers, it becomes very difficult for other sellers to enter the market.
Step-by-step explanation:
Monopoly is a form of market where there is only one seller for several buyers. The buyer has full control over the supply. And there are no substitutes present in the market. The seller is here the price maker.
Monopoly is bad for competition because they control the particular market and this reduces the competition. Because of this control, they can charge unfair prices, and since buyers have no option, they have to buy the product or service. Also, they put strong barriers to entry, restricting other people to enter the market.