Question

question 4 of 10
what is a monopoly?
a. when one company controls the local government
b. when one company has factories in another country
c. when one company is strong enough to control an entire industry
d. when the government controls a part of a business

Explanation:

To determine the correct answer, we analyze each option:

• Option A: A monopoly is not about controlling local government. This is incorrect.
• Option B: Having factories in another country relates to international business or outsourcing, not monopoly. Incorrect.
• Option C: A monopoly is defined as a single company dominating an entire industry, having the power to control supply, price, etc. This matches the definition.
• Option D: Government controlling part of a business is not a monopoly (monopoly is about a single firm's market control). Incorrect.

Answer:

C. When one company is strong enough to control an entire industry