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
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Target - 720-740
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I will go with A..
B i think is only talking one part ..in first sentence we have monopoly -- absence of or decline in competition --- may be more than one seller is possible but only one is ruling the market ...
Waiting for OA

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