Directions: In each of the following questions, a statement/group of statements is given followed by come conclusions. Without resolving anything yourself. Choose the conclusion which logically follows from the given statement(s).

• Statements:


• A. Monopoly is characterised by an absence of or decline in competition.


• B. ABC Company realizes that its operations are in competitive industries.

• Conclusions:


• (a) The ABC Company is in the service industry.


• (b) The ABC Company is publicly owned.


• (c) ABC's market is not monopolistic.


• (d) The ABC Company has no domestic competitors.