Last visit was: 20 Jul 2025, 11:48 It is currently 20 Jul 2025, 11:48
Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Close
Request Expert Reply
Confirm Cancel
User avatar
HKD1710
User avatar
Retired Moderator
Joined: 22 Jun 2014
Last visit: 26 Feb 2021
Posts: 963
Own Kudos:
4,395
 [2]
Given Kudos: 182
Location: India
Concentration: General Management, Technology
GMAT 1: 540 Q45 V20
GPA: 2.49
WE:Information Technology (Computer Software)
GMAT 1: 540 Q45 V20
Posts: 963
Kudos: 4,395
 [2]
1
Kudos
Add Kudos
1
Bookmarks
Bookmark this Post
avatar
veteranrookie
Joined: 26 Oct 2016
Last visit: 15 May 2017
Posts: 9
Own Kudos:
5
 [1]
Given Kudos: 4
Posts: 9
Kudos: 5
 [1]
Kudos
Add Kudos
Bookmarks
Bookmark this Post
User avatar
sobby
User avatar
Current Student
Joined: 14 Nov 2014
Last visit: 24 Jan 2022
Posts: 445
Own Kudos:
385
 [2]
Given Kudos: 54
Location: India
GMAT 1: 700 Q50 V34
GPA: 3.76
GMAT 1: 700 Q50 V34
Posts: 445
Kudos: 385
 [2]
2
Kudos
Add Kudos
Bookmarks
Bookmark this Post
avatar
rahimk7
Joined: 06 May 2015
Last visit: 07 Oct 2019
Posts: 30
Own Kudos:
Given Kudos: 1
Posts: 30
Kudos: 6
Kudos
Add Kudos
Bookmarks
Bookmark this Post
The Inference should relate market to Industry.

The only option here we see is Option E.

Service Industry is a Market for ABC company and they have many competitors .


Sent from my iPhone using GMAT Club Forum
User avatar
abhineetmanu
Joined: 25 Oct 2015
Last visit: 27 Jun 2024
Posts: 20
Own Kudos:
Given Kudos: 157
GMAT Focus 1: 685 Q90 V82 DI80
GMAT Focus 1: 685 Q90 V82 DI80
Posts: 20
Kudos: 9
Kudos
Add Kudos
Bookmarks
Bookmark this Post
HKD1710
A 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 owned.

E) The ABC Company is in a service industry.

Source: 800Score

IMH its [A]

A) ABC's market is not monopolistic.- Correct --compeition is still there in the market means no monopoly of one company.

B) Monopoly is defined as one seller in a market.- there may be more than one seller-- monopoly does not mean only one company is there

C) The ABC Company has no domestic competitors.- Out of scope

D) The ABC Company is publicly owned.- Out of scope

E) The ABC Company is in a service industry.- nowhere it is mentioned that ABC is a service provider
User avatar
grichagupta
Joined: 13 Dec 2016
Last visit: 02 Sep 2018
Posts: 32
Own Kudos:
Given Kudos: 570
Posts: 32
Kudos: 33
Kudos
Add Kudos
Bookmarks
Bookmark this Post
I go with A as a market is competitive when it is not monopolistic.
avatar
ManifestDreamMBA
Joined: 17 Sep 2024
Last visit: 19 Jul 2025
Posts: 1,004
Own Kudos:
Given Kudos: 194
Products:
Posts: 1,004
Kudos: 652
Kudos
Add Kudos
Bookmarks
Bookmark this Post
A) ABC's market is not monopolistic. Correct, if the industry is competitive that means there is competition (eliminates absence or decline in competition). There the market is NOT monopolistic

B) Monopoly is defined as one seller in a market. No, there could be decline in competition too

C) The ABC Company has no domestic competitors. No mention in the argument

D) The ABC Company is publicly owned. No mention in the argument

E) The ABC Company is in a service industry. No mention in the argument
HKD1710
A 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 owned.

E) The ABC Company is in a service industry.

Source: 800Score
Moderators:
GMAT Club Verbal Expert
7359 posts
GMAT Club Verbal Expert
235 posts