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

I believe the answer is: a. Monopolies are formed when they buy out their competition in a market

In a monopoly, there is only one single organization that control the market. They could do this with one of the two methods. The first one is to hold a patent that prevent any organizations to make a similar product. The second one is to buy out any other competitors in the market and absorb their business.

can't without checkbox

this is a good question! i'll do some research and come back when i have the answer!