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Margaret [11]
3 years ago
12

Which statement is true about the relation between a monopoly and it's competition in a market?​

History
1 answer:
miss Akunina [59]3 years ago
4 0

Answer:

A monopoly is complete domination over an industry. Ex. Rockefeller, Carnegie, etc.

Explanation:

When monopolies exist, competion is usually low because they can use vertical/horizontal integration and other methods many may consider "unethical"

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