Question

what does a monopoly do?

a. controls an industry

b. sets low prices for goods

c. sells goods only in the united states

d. oversees working conditions

Explanation:

A monopoly is a market structure where a single firm controls an entire industry or a significant portion of it, with no close substitutes for its product. Option A aligns with this definition. Option B is incorrect as monopolies typically set high prices. Option C is incorrect as monopolies can sell goods globally, not just in the US. Option D is incorrect as overseeing working conditions is not a defining characteristic of a monopoly.

Answer:

A. Controls an industry