A monopoly is characterized by an absence of or decline in competition. The ABC Company realizes that its operations are in competitive industries.

Which of the following conclusions may be inferred from the above?

Correct answer marked below

ABC's market is not monopolistic.

Correct

Monopoly is defined as one seller in a market.

The ABC Company has no domestic competitors.

The ABC Company is publicly owned.

The ABC Company is in a service industry.

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What this question tests

Whether you can draw a conclusion that must follow from the stated facts.

Choosing an option that could be true or is likely true — inference answers must be guaranteed by the passage.

A monopoly is characterized by an absence of or decline in competition. The ABC Company realizes that its operations are in competitive industries.Which of the following conclusions may be inferred from the above?