which statement is true about the relationship between a monopoly and its competition in a market…

which statement is true about the relationship between a monopoly and its competition in a market? monopolies are formed when businesses buy out their competition in a market. competition in the market helps monopolies to develop. competition in the market ensures that monopolies charge fair prices. monopolies thrive when they have competition.

which statement is true about the relationship between a monopoly and its competition in a market? monopolies are formed when businesses buy out their competition in a market. competition in the market helps monopolies to develop. competition in the market ensures that monopolies charge fair prices. monopolies thrive when they have competition.

Answer

Answer:

Monopolies are formed when businesses buy out their competition in a market.

Brief Explanations:

Una monopoly se crea cuando una empresa adquiere a sus competidores, lo que le da un control exclusivo del mercado. La competencia no ayuda a desarrollar monopolios, ni asegura precios justos en monopolios, y los monopolios no prosperan con competencia.