Urst Ammunition Inc., a firm controlled and managed by the government of Urst, 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

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22-07-2022
Business

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Urst Ammunition Inc., a firm controlled and managed by the government of Urst, 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

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Parrain Parrain · Answer 1 · 2022-08-03T18:05:57+02:00

The fact that Urst Ammunition Inc is the only company in Urst that is allowed to produce defense arms means that the industry competitive structure it uses is a Monopoly.

What is a monopoly?

This refers to a company that either has the overwhelming majority market share in an industry, or is the only company that is allowed to operate in that industry.

There are several ways that this can happen and one way is by government regulations. Urst Ammunition Inc. is the only company that is allowed to make weapons and arms so this is a monopoly.

Find out more on monopolies at https://brainly.com/question/7217942

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