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  • 19-02-2020
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why did monopolies come about?

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larkinpmac4
larkinpmac4 larkinpmac4
  • 19-02-2020

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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