153k views
0 votes
Explain why monopolies do exist?

User Breiti
by
4.9k points

1 Answer

4 votes

Answer:

When one company exerts sole control over a resource that is necessary for the production of a specific product, the market may become a monopoly.

Step-by-step explanation:

This is because you can control companies if you are the only place available for a resource for example water in dry contents

User Jaymin
by
5.3k points