The idea that workers and consumers suffer without competition is most closely tied to the concept of

Name: The idea that workers and consumers suffer without competition is most closely tied to the concept of
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Question

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Monopolies occur when a single company or group controls the majority of the market for a product or service, leading to a lack of competition, which can result in higher prices and reduced quality for consumers, and poor working conditions for workers.

The Idea That Workers and Consumers Suffer Without Competition Is