rox9omanShec3astev
rox9omanShec3astev rox9omanShec3astev
  • 24-03-2016
  • Social Studies
contestada

When one group controls an industry or market by being the only provider, this is called _____. imperialism a monopoly despotism capitalism

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meerkat18
meerkat18 meerkat18
  • 27-03-2016

It is called monopolism.  This is when there is only one seller of a good or service.  In some cases, this is when one company uses cutthroat competition to buy smaller companies until there is no more competitors in the market.  Monopoly has been criticized when it uses this method and in some countries it is against the law.

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saraherickson36
saraherickson36 saraherickson36
  • 21-03-2019

The answer would be B. A monopoly

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