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Ierofanga [76]
3 years ago
15

The effects of monopolies and cartels on the consumer

Social Studies
1 answer:
Karo-lina-s [1.5K]3 years ago
4 0

In an economic system with monopolies and cartels that fix the price of goods, the end result for consumers is that consumers are given worse choices and pay a higher price. This is a result of the lack of competition in the market that would drive prices down and offer more choices to consumers.

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