In Croatia, there is only one company that provides all of the telephone services for the entire country. What is this called?

A.

monopoly

B.

antitrust suit

C.

capital

D.

profit

Question

05-05-2022
SAT

Answered

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In Croatia, there is only one company that provides all of the telephone services for the entire country. What is this called?

A.

monopoly

B.

antitrust suit

C.

capital

D.

profit

Sagot :

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msanchez34 msanchez34 · Answer 1 · 2022-05-10T16:04:43-04:00

msanchez34 msanchez34

10-05-2022

Answer:

It's Monopoly

Explanation:

Just took the test and got it correctz;)

Answer Link

Lanuel Lanuel · Answer 2 · 2022-05-23T06:16:03-04:00

Since in Croatia, there is only one company that provides all of the telephone services for the entire country, this is called a monopoly.

What is a monopoly?

A monopoly can be defined as a type of market structure which is typically characterized by a single supplier (seller) or service provider, who sells and provide a unique product or service in the market, especially through dominance.

This ultimately implies that, monopoly is a market structure wherein the single supplier (seller) or service provider has no competitor because he or she is solely responsible for the sale of a unique product or service, without any close substitute.

Read more on monopoly here: https://brainly.com/question/13113415

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Sagot :

What is a monopoly?

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