Respuesta :
Answer:D. A company with a monopoly in an industry begins raising prices.
Explanation:
Had it on my quiz.
(D) A company with a monopoly in an industry begins raising prices.
Government:
- An organized community is governed by a system or group of individuals, typically a state.
- The government often consists of the legislative, executive, and judicial branches in the case of its broad associative definition.
- Government is a tool for making policy decisions as well as a way to enforce organizational policies.
- A declaration of the government's guiding principles and philosophy is the equivalent of a form of constitution in many nations.
- The term "government" is frequently used more explicitly to refer to the roughly 200 independent national governments and subsidiary organizations, even though all organizations have governance.
Monopoly:
- According to Irving Fisher, a monopoly is a market where there is "no competition," which results in a situation where one person or business is the only supplier of a specific good or service.
- This contrasts with oligopoly and duopoly, which include a small number of vendors controlling a market, and monopsony, which refers to a single entity's dominance of a market to buy a good or service.
- Thus, the absence of economic rivalry to manufacture the commodity or service, the absence of effective substitutes, and the potential for a high monopoly price substantially above the seller's marginal cost that results in a high monopoly profit are the characteristics of monopolies.
Therefore, the correct answer is (D) a company with a monopoly in an industry begins raising prices.
Know more about Monopoly here:
https://brainly.com/question/13113415
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