Question

use what you have learned about monopolies to complete the following sentences. monopolies preserve competition in the market. in a monopoly, a producer controls the market because it is able to meet the demands of all consumers. natural, a producer controls the market by the authority of the government, and private natural, a producer controls the market by holding a patent on the process of creating a technological government

Explanation:

Monopolies reduce competition as they are single - seller entities. In a natural monopoly, a firm can meet all consumer demands due to cost - advantages like economies of scale. A government monopoly is when the government gives a producer market control, and a technological monopoly occurs when a firm has a patent on a production process.

Answer:

Monopolies reduce competition in the market.
In a natural monopoly, a producer controls the market because it is able to meet the demands of all consumers.