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15 June, 18:44

Which term refers to an economic situation where only one company makes a product and is therefore able to fix the selling price?

a. monopoly

b. capitalism

c. anarchy

d. socialism

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  1. 15 June, 18:55
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    It would be the term "monopoly" that refers to an economic situation where only one company makes a product and is therefore able to fix the selling price, which is why such firms are often illegal in the United States.
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