Question

Fadia Ammunition Inc., a firm controlled and managed by the government of Fadia, is the only company that has the license to produce defense arms in the country. Which of the following industry competitive structures does this best illustrate?a. monopolistic competition
b. perfect competition
c. monopoly
d. oligopoly

Answer 1

Answer:

C. Monopoly

Explanation:

Monopoly is when their is a single seller selling a unique product. Fadia is the only company that has the license to produce defense arms in the country. (defense arms is a unique product)