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The desire of businesses to ____________, so that they can raise the prices that they charge and earn higher profits, has been well-understood by economists for a long time.

User Erloewe
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Answer: avoid competition (monopolize)

Step-by-step explanation:

The desire of businesses to monopolize, so that they can raise the prices that they charge and earn higher profits, has been well-understood by economists for a long time.

Monopoly is a situation whereby a company has exclusive control over trade in a particular goods, thus beating out every competitor. When this is achieved, the company can regulate prices however they choose.

User Mbrubeck
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