A monopoly takes over an industry from competitive firms. What is not likely to be true about a monopoly compared with a competitive firm? A A monopoly will earn a higher rate of profit. B A monopoly will gain a greater share of the market. C A monopoly will offer a wider choice to the consumer. D A monopoly will operate on a larger scale of production.
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Explanation:
C A monopoly will offer a wider choice to the consumer.
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option (c)
Monopoly will offer a greater share of the market
Explanation:
A monopoly describes a market situation where one company owns all the market share and can control prices and output.
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