Monopoly : has one supplier of a product. The seller here has market power and can control both price and quantity

Collision: when competing firms make a secret agreement to try to control a market. Collusion (practiced by cartels) is illegal in the United States. It reduces the level of competition in a market. Is more difficult in markets with large numbers of buyers and sellers.

Monopolies and collusion among sellers:
eliminate competitionIn industries with less competition, prices are likely to be higher

7 0

3 years ago

Which political reforms were achieved in Britain by the century’s end?

Margaret [11]

Answer Is D: <span>It transformed to become a true parliamentary democracy. </span>

5 0

3 years ago

Read 2 more answers

Mercantilism limited trade during the age of exploration European economies grew rapidly during this period largely because of

evablogger [386]

The Europeans economies grew because the colonists could only trade with Britain. This later caused conflicts.

Hope this helps!

8 0