Question

In a certain town, ST Bazaar is the only option for people to buy groceries. A healthy marketplace is characterized by competition and not monopoly. Which conclusion follows the given statements?

A. ST Bazaar is a family owned business

B. ST Bazaar is a super market

C. ST Bazaar has a monopoly in the town

D. ST Bazaar is liked by most people of the town.

• A. A
• B. B
• C. C
• D. D

Answer 1

Answer:

C. C

Solution: Since it is said that it In a certain town, ST Bazaar is the only option for people to buy groceries and it also says A healthy marketplace is characterized by competition and not a monopoly. and ST Bazaar is the only option, then it rules the monopoly in that place.e, Hence, ST Bazaar has a monopoly in the town is the correct statement.