Asked by

Inder Sandhu
on Dec 01, 2024

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A group of companies that acts like a monopoly is a:

A) oligopoly.
B) conglomerate.
C) trust.
D) None of the above

Oligopoly

A market structure characterized by a few firms dominating the market, which can lead to limited competition and potentially higher prices for consumers.

Conglomerate

A large corporation composed of diverse companies or divisions in varying industries under one corporate group.

Monopoly

A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.

  • Discern the economic and competitive consequences of mergers in industry sectors.
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Vibhu BajajDec 07, 2024
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