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14 July, 07:40

The effects of monopolies and cartels on the consumer

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  1. 14 July, 08:30
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    In an economic system with monopolies and cartels that fix the price of goods, the end result for consumers is that consumers are given worse choices and pay a higher price. This is a result of the lack of competition in the market that would drive prices down and offer more choices to consumers.
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