Multiple choice

A monopoly is 

  1. when you own boardwalk

  2. a game

  3. when a business has control of the market

  4. none
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A monopoly exists when a single entity has exclusive control over the supply of a product or service in a market. Options A and B refer to the board game Monopoly, which is unrelated to the economic concept.

Keep practicing — related questions