Answer:
The correct answer is - Yes, it can be regarded as a monopoly.
Explanation:
Denel Pvt. Ltd. was founded as a private company, it has various industries but the major one is weaponry, therefore, it is not a typical consumer-oriented corporation.
Denel has the power to destroy, which other consumer items and services do not have or are not meant to accomplish.
Denel enterprise is considered a monopoly more of a private monopoly that does not eliminate monopoly's power or the prospect of misusing as in absence of competition they can drop production and increase prices at the expense of customers
