Economy dominated by monopolies

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Marx's prediction that capitalism will result in an economy dominated by monopolies has been fulfilled in the U.S. But rather than a single corporation dominating a sector of the economy, the U.S. has shared monopolies. What does this mean and what are the economic consequences of shared monopolies in our society?

Responses should be approximately 1 page, typed, double-spaced, and 12 font. Must use at least one academic source and cite the source in the body of the paper as well as provide a work cited page.

Reference no: EM13168337

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