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A monopoly is abusiness where there is no competition. For example, a new medicine is patented and it turns out to be a cure for a deadly disease. The company that produces it is the only place to purchase it and they can as a result name their price. this often leads to the death and suffering of a lot of people as the simple result of avarice or as some would cal it free enterprise. luckily patents last for only 20 years or there abouts .this sort of thing can happen in a lot of different situations and anti trust laws are said to keep this under control

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15y ago

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