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26-02-2018
Business

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Describe what a monopoly, a cartel, and a trust are. In a one paragraph response, compare and contrast the three.

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26-02-2018

Monopoly: possession or control of a supply or trade in service. (in other words a business with little to no competition. Not common in the US.)Cartel: association of manufacturers with purpose of setting prices high to restrict competition.

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