The term monopoly is characterized by the absence of competition, which can lead to high costs for consumers, inferior products and services, and corrupt behavior. A company that dominates a business sector or industry can use that dominance to its advantage.
American jobs would be lost because globalization encourages worldwide distribution of products, which also distributes jobs across the world. For example, Ford Motors almost built a factory in Mexico due to the encouragement by the US government to increase globalization as it would be cheaper.
Answer: It prevents political leaders from breaking laws to oppress citizens
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