If all leading corporations in the soft-drink industry merged, forcing all smaller soft-drink companies out of business, which of the following would be created?
A) pure competition
B) monopolistic competition
C) an oligopoly
D) a monopoly

Question

Quizplus · Accepted Answer

The merger of all leading corporations in the soft-drink industry would result in a single dominant firm controlling the market, which is known as a monopoly.

If All Leading Corporations in the Soft-Drink Industry Merged, Forcing