Describe at least two ways in which a company could create a monopoly

Question

Social Studies

Lincoln Guerrero

28 July, 23:34

Describe at least two ways in which a company could create a monopoly

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Answers (1)

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Madden Liu · Answer 1

1) keep the procedure to create a product secret, for example the recipe for coca-cola is kept secret like this

2) invest to keep the production as cheap as possible: invest in better technology, etc to produce at prize unobtainable for others.