Discussion
In the following question, a statement/group of statements is given followed by some conclusions. Without resolving anything yourself, choose the conclusion which logically follows from the statement(s).
Statement - Oligopoly is characterised by presence of competition.
The 5G broadband services are provided only by Company X.
Answer: C
Correct answer: The X company’s market is monopolistic.
The two statements work together. A market with competition would be an oligopoly; here a single company is the sole provider, so there is no competition and the market is a monopoly by definition. Nothing is said about ownership or conduct, so the options describing the company as corrupt or publicly owned have no support, and the last directly contradicts the second statement.
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