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.
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The members of the Cabinet are often the President's closest confidants.
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Sever loss of infrastructure, loss of factories to produce goods and debts caused by the wars led to a huge downturn in rebuilding efforts after World War 1.
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