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kodGreya [7K]
3 years ago
8

Why did monopolies come about?

History
1 answer:
r-ruslan [8.4K]3 years ago
8 0

Answer:

5  Congress enacted it in 1890 when monopolies were trusts. A group of companies would form a trust to fix prices low enough to drive competitors out of business. Once they had a monopoly on the market, they would raise prices to regain their profit. His monopoly allowed him to control the price of oil.

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