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Elasticity and Incentives

Question 1 • 2102320-Economics HONORS - Edgenuity Teacher

Monopolies competition in the market.

Answer
A
limit
B
preserve
C
strengthen

Explanation

A monopoly is a market with one dominant seller and little or no competition. Because other firms have difficulty entering or competing in that market, monopolies limit competition. The correct choice is “limit.”

AI-written and checked against the verified answer.

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