A trust is formed when shareholders of the major companies in an industry place their shares in the hands of a board of trustees who control the companies and act as a single firm that can engage in monopoly pricing.

Name: A trust is formed when shareholders of the major companies in an industry place their shares in the hands of a board of trustees who control the companies and act as a single firm that can engage in monopoly pricing.
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Question

Quizplus · Accepted Answer

This is a correct definition of a trust.

A Trust Is Formed When Shareholders of the Major Companies