Question

Why are monopolies not permited in U.S?

Answer 1

A monopoly is when a company has exclusive control over a good or service in a particular market. Not all monopolies are illegal; for example, businesses that produce a superior product or are well managed may disadvantage their competitors while not violating antitrust law. Responding to a large public outcry to check the price fixing abuses of these monopolies, the Sherman Antitrust Act was passed in1890. This act banned trusts and monopolistic combinations that lessened or otherwise hampered interstate and international trade........
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