In business, I rule with no competition, I hold all the power without opposition. What am I? Musk Empire Riddle of the Day 05 August 2024
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Updated Aug 05, 2024
Musk Empire Riddle of the Day 05 August 2024
Today's Riddle: In business, I rule with no competition, I hold all the power without opposition. What am I?
Answer
The answer for today's Musk Empire Riddle of the Day 05 August 2024 is Monopoly.
Answer Explanation
A monopoly refers to a market situation where a single company or entity has exclusive control over a particular product or service, facing no competition. In such a scenario, the monopolist holds all the power and authority within that market. This lack of competition allows the monopolistic entity to set prices, control supply, and influence market conditions without any opposition. Hence, in business contexts where one entity rules without competition and holds all the power, it is termed a monopoly.
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