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Monopolies are when a certain business rule over a specific business or service sector. Basically one business has a lot of control in a certain area of marketing. Just like how amazon is a monopoly, because it dominates online shopping. A lot of people frown upon monopoly businesses, because they take a ton of money and customers away from small business owners. Also, a lot of people consider Disney a monopoly company. It can be a good thing or bad thing, but I hope this answered you question.
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