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kenny6666 [7]
4 years ago
14

Which term refers to an economic situation where only one company makes a product and is therefore able to fix the selling price

?
a. monopoly
b. capitalism
c. anarchy
d. socialism
History
2 answers:
ehidna [41]4 years ago
8 0

the answer is a monopoly

ra1l [238]4 years ago
6 0
It would be the term "monopoly" that <span>refers to an economic situation where only one company makes a product and is therefore able to fix the selling price, which is why such firms are often illegal in the United States. </span>
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