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  • Competition, Regulation, Consumer Rights
  • When there is no competition in an industry, it's called ...
Multiple choice

When there is no competition in an industry, it's called a _________.

  1. Antitrust

  2. Command Economy

  3. Free Market

  4. Monopoly

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A monopoly exists when a single company or entity is the sole provider of a good or service, meaning there is no competition. Antitrust laws are designed to prevent such situations.

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