Question

A
✔ monopoly
occurs when there is only one company that sells a product in a given market.

When competitors agree to sell a product for the same price instead of competing, this is called a
✔ trust
.

Both monopolies and trusts reduce
✔ competition
, which results in increased
✔ prices
for consumers.

Answer 1

Answer:

A  monopoly  occurs when there is only one company that sells a product in a given market.  When competitors agree to sell a product for the same price instead of competing, this is called a  trust . Both monopolies and trusts reduce competition , which results in increased  prices  for consumers.

Explanation:

Answer 2

Answer:

✔ monopoly

occurs when there is only one company that sells a product in a given market.

When competitors agree to sell a product for the same price instead of competing, this is called a

✔ trust

.

Both monopolies and trusts reduce

✔ competition

, which results in increased

✔ prices

for consumers.

Explanation: