When a company dominates because it has a monopoly on the industry,this is called domination by:
A) authority.
B) power.
C) government.
D) economic power.

Question

Quizplus · Accepted Answer

When a company dominates because it has a monopoly on the industry, it is because they hold economic power. Authority, power, and government may play a role in allowing the monopoly to exist, but the actual domination is due to the economic power the company holds in that industry.

When a Company Dominates Because It Has a Monopoly on the Industry,this