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

True or
False

User Karel Macek
by
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1 Answer

15 votes
15 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 Shazow
by
2.7k points
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