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What are the pros and cons of monopolies, like those created by Carnegie and Rockefeller

User Jtianling
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Step-by-step explanation:

Standing alone as a monopoly allows a company to securely invest in innovation without fear of competition. Conversely, a company that dominates a sector or industry can use its advantage to create artificial scarcities, fix prices, and provide low-quality products.

User Aniruddh Ambarkar
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