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According to U.S. law, a company has an illegal monopoly when it dominates an industry and ___. *
2 points
A. collects information on its customers
B. takes actions that prevent competition
C. has more than 75 percent of the market share
D. sets prices that are more than 10 percent higher than industry average

Answer :

Answer: a

Explanation:

Tundexi

When a company dominates an industry and takes actions that prevent competition, its is called an illegal monopoly

Let understand that "Monopoly" refers to having an exclusive ownership and control of supply of goods or a service.

Illegal monopoly are labelled illegal because its involves an act of improper conduct.

  • Illegal monopoly can also be called anti-competitive monopolization.

  • Example of is when a Company employs certain tactics to ensure consumer buys its product along and thus making him the major supplier of the product in the location.

In conclusion, when actions taken by a company is preventing competition among firms producing similar goods and dominates the industry, such company is said to be practicing illegal monopoly.

Learn more about illegal monopoly here

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