Ask Question
16 March, 19:25

Which economic term describes a situation where one company controls all the means of production of a product and can set its own price?

a. tariff

b. monopoly

c. inflation

d. corporation

+3
Answers (1)
  1. 16 March, 20:44
    0
    Monopoly describes this situation best.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which economic term describes a situation where one company controls all the means of production of a product and can set its own price? a. ...” in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers