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Is it possible for a corporation to become a monopoly
Step in here in here I will explain to you
Yes, it is possible for that to happen
A corporation run by sole owner might need a board of directors do help fund the production of what they are selling
Ok, but how does that make it a monopoly that just sounds like a regular ole' corporation to me
So when demand is high for a businesses product, they usually raise the price
So if that corporation was to continue to raise the price, they would end up becoming a monopoly
So what keeps corporations from becoming monopolies?
The government puts what is called price ceilings and floors on products to keep that company from monopolizing on certain products
So what would have if the government hadn't put in these types of regulations
The company's would then buy the components to make the product and if those components went into essential items we would be with out them or that company would make them and skyrocket the price
Ok, that makes a lot of sense, thank you for explaining that to me
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