How did corporations and companies deal with the problem posed by competition? Group of answer choices

They used fraud and corporate espionage to put rivals out of business.

They got politicians to endorse them, in exchange for large campaign donations.

They bribed police to shut their rivals down.

Multiple companies merged into single companies, which could have monopolies and set prices as they liked.

Correct option : Multiple companies merged into single companies, which could have monopolies and set prices as they liked.

Explanation:

Corporations and companies deal with the problem posed by competition when two or more companies come together and merged into a single companies, which could have monopolies in which they set their own prices as they liked which inturn lead to NO COMPETITORS and inturn enables this single companies to deal with all the problems that is been posed by competition in the market reason been that the products or goods sold by this merged single companies or single firms are unique and different from others goods sold in the market by other company.

Example Company X, Y and Z may decide to merged into a single companies in which after merging they went into production of a unique products like Designer wears which means that this single merged companies can set prices for this unique designer wears as they like by either selling it at $300,$400,$500 or even at lesser price or more higher price because they are the only producer of such unique designers wears which inturn will enable them to have a competitive advantage over other company in the market because they have NO COMPETITORS.

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