jamesjones2257 jamesjones2257
  • 23-08-2022
  • History
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How can a business become a monopoly?

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dashiaraynor
dashiaraynor dashiaraynor
  • 23-08-2022

Answer: It can become one by using property rights, & most of the time buying their competition.

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jacintam310
jacintam310 jacintam310
  • 23-08-2022

Answer:

A business can become a monopoly by acquiring government license, selling large volume of products at a lower price and having intellectual property rights.

Explanation:

For a business to be termed as a monopoly, it should operate in a unique way from it's competitors.

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