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A rivalry between two or more businesses trying to make a profit is called a monopoly. True or False

A rivalry between two or more businesses trying to make a profit is called a monopoly. True or False
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19 votes
A rivalry between two or more businesses trying to make a profit is called a monopoly.

True or
False

User Aleclerc
by
7.8k points

1 Answer

2 votes
False - a monopoly is when one business has a large control of the market. An oligopoly has a few large competitors and many smaller competitors.
User Timwi
by
8.4k points
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