The Clayton Antitrust Act fought illegal competition methods in the United States; A monopoly is something where a seller gets exclusive control over the sale of such product in the market; Roosevelt was the president behind early enforcement of antitrust laws; Stockholders are those who invest in the corporations; Business specialists are those who are experts in business management; Federal Trade Commission was appointed by President for corporation control; Merging refers to the consolidation of several entities into one.
<h3>What is monopoly?</h3>
Monopoly is something where the seller or producer of any product(s) gets the sole control over such product due to the naturally created advantages in the market.
In a monopolistic market, there are no other sellers in the market, and thus the seller has a power to control the price of the products in such market. Buyers do not have a bigger influence in a monopoly.
For example, in India, IRCTC has a monopoly in train ticketing, reservations and food catering services and is in such position due to license obtained from the Indian Railway authorities to do so.
Hence, it may be stated that in a monopoly a seller has exclusive control over a product in the market, while the matches can be made as 1:B ; 2:G ; 3:C ; 4:F ; 5:D ; 6A ; 7:E.
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