Without government intervention, monopolies would likely occur, and monopolies will likely decrease competition in the economy.

Question

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Monopolies occur when a single company or entity gains control of a market or industry, which can lead to higher prices and reduced choice for consumers. Without government intervention, there would be no regulation or enforcement of antitrust laws, making it easier for dominant firms to crush competition and establish a monopoly. Therefore, government intervention is crucial in promoting and preserving competition in the economy.

Without Government Intervention, Monopolies Would Likely Occur, and Monopolies Will