Which statement is true about the relationship between a monopoly and it’s 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

The correct answer is A) monopolies are formed when they buy out their competition in a market.

A monpoly is when one business/individual has almost complete control over the share of a specific market. For example, if there was only one company that people could buy cell phones from, then that company would have a monopoly.

A monopoly strives on taking over other businesses. Once they have done this, monopolies then have the power to charge whatever they want for their products. This is due to the fact that they do not have any competition for businesse so customers must buy that product from them.

answer; ///i believe its (b); ///the president will sign it or veto the check first good luck