Question

How can a business become a monopoly?

Answer 1

A business can become a monopoly by acquiring government license, selling large volume of products at a lower price and having intellectual property rights.

Step-by-step explanation:

For a business to be termed as a monopoly, it should operate in a unique way from it's competitors.

Answer 2

Answer: It can become one by using property rights, & most of the time buying their competition.