What is a monopoly? A monopoly is a market structure where a single seller or producer assumes a dominant position in an industry or sector. Monopolies are discouraged in market economies because they stifle competition and limit substitutes for consumers. In the United States, antitrust laws are in place to

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Live Mona’s interest in business and finance began at a young age, inspired by reading the now defunct Zillions magazine, a children’s version of Consumer Reports published by Consumers Union. She opened her first checking account at the age of 10 and became passionate about saving. However, after getting her

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