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History, 03.02.2021 01:00 logicalness243

A ✔ monopoly
occurs when there is only one company that sells a product in a given market.

When competitors agree to sell a product for the same price instead of competing, this is called a
✔ trust
.

Both monopolies and trusts reduce
✔ competition
, which results in increased
✔ prices
for consumers.

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Answers: 2

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A ✔ monopoly
occurs when there is only one company that sells a product in a given market.
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