Arlja0ngelsolalaura Arlja0ngelsolalaura

20-01-2016
History

Answered

Which economic term describes a situation where one company controls all the means of production of a product and can set its own price?

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HistoryGuy HistoryGuy

23-01-2016

It would be the term "monopoly" that describes a situation where one company controls all the means of production of a product and can set its own price--these are outlawed in the United States.

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Anonymous Anonymous

24-01-2016

Monopoly describes a situation where one company controls all the means of production of a product and can set its own price

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