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
John Adams Was the Seperation of Power Man
Answer: Great Britain, France, The Soviet Union, The United States, and China
In World War II the chief Allied powers were Great Britain, France (except during the German occupation, 1940–44), the Soviet Union (after its entry in June 1941), the United States (after its entry on December 8, 1941), and China.
The start of the war in Europe is generally held to be 1 September 1939<span>, beginning with the German invasion of Poland; Britain and France declared war on Germany two days later.</span>
An opinion for someone or something
