Is this a monopoly or something else?

Discussion in 'Growing and Managing a Business' started by Radds, Apr 5, 2016.

  1. Radds

    Radds
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    Is a company considered a monopoly if they own businesses in more than 1 market or is there a different name for that type of business? Also, does this term change depending how big they are in one market compared to the other.

    For example: Say like a corporation owns a restaurant company, knife company, mining company, farming company, water company, electricity company, and finally a farm company.
     
  2. fisicx

    fisicx
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    No. A monopoly is where there is only one of something. For example, if there is only one bus company in your local area that could be considered a monopoly.
     
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  3. Radds

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    Oh okay, thank you for clearing that up for me.
     

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