3 Questions
What is the main difference between trusts and monopolies?
Trusts control production and distribution, while monopolies have total control over prices.
How do monopolies develop according to the text?
Monopolies develop from trusts and give total control of an industry to one group of companies.
What impact do trusts and monopolies have on competition?
They both limit competition by giving control to a small group of companies.
Test your knowledge of trusts and monopolies with this quiz. Learn about the organization of businesses in the same industry, the control of production and distribution, and the impact on competition. Understand the development of monopolies from trusts and their control over prices in the economy.
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