Describe at least two ways in which a company could create a monopoly

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Social Studies

Jaydin Stevens

22 May, 07:14

Describe at least two ways in which a company could create a monopoly

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Valery Wolf · Answer 1

1) keep the procedure to create a product secret, for example the recipe for coca-cola is kept secret like this

2) invest to keep the production as cheap as possible: invest in better technology, etc to produce at prize unobtainable for others.