Arlja0ngelsolalaura
Arlja0ngelsolalaura Arlja0ngelsolalaura
  • 21-01-2016
  • History
contestada

Which economic term describes a situation where one company controls all the means of production of a product and can set its own price?

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HistoryGuy HistoryGuy
  • 23-01-2016
It would be the term "monopoly" that describes a situation where one company controls all the means of production of a product and can set its own price--these are outlawed in the United States. 
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Аноним Аноним
  • 24-01-2016
Monopoly describes a situation where one company controls all the means of production of a product and can set its own price
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