1 . 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 ?

• A. ABC's market is not monopolistic
• B. Monopoly is defined as one seller in a market
• C. The ABC Company has no domestic competitors
• D. The ABC Company is publicly own
• D. The ABC Company is in a service industry

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Answer: Option A

Explanation: