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Atticus
Yesterday, 22:02
Why did monopolies come about?
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Alia Pratt
Today, 01:04
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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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