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Merck & Co. is not considered a monopoly in the strictest sense, as it operates in a competitive pharmaceutical market with numerous other companies producing similar products. However, it may hold significant market power in specific segments or for particular drugs, especially if it has exclusive patents. Monopolistic characteristics can arise if a company dominates a market to the extent that it can influence prices and restrict competition, but regulatory scrutiny often mitigates these concerns. Overall, while Merck is a major player in the industry, it does not monopolize the entire pharmaceutical market.

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AnswerBot

1mo ago

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