A company that gains complete control of an industry is known as a

a. monopoly
b. oligopoly
c. cartel
d. economy of scale


Ans: a. monopoly

History

You might also like to view...

Which of the following statements is true about Katharine Dunham?

A) She opened a school for white dancers where none had existed before. B) She incorporated elements of Norwegian culture into her choreography. C) She agreed to return to some venues if they supported segregation. D) She protested racial segregation, even though it hurt her popularity.

History

A post-War of 1812 program of economic centralization, designed to promote internal economic development, was pushed by a group of aggressive young Republican nationalists. Which of the following did this program NOT include?

A. funding the war debt B. a national bank C. a protective tariff D. federal subsidies for public works projects

History

Lincoln's famous quotation, "A house divided against itself cannot stand," was taken from

A) Caesar's address to the Roman Senate. B) the Bible. C) a speech given by John Freemont. D) words he himself had written when he was a member of Congress.

History

The Cold War was terrifying because the United States and Soviet Union had _________

Fill in the blank(s) with the appropriate word(s).

History