contestada

The desire of businesses to ____________, so that they can raise the prices that they charge and earn higher profits, has been well-understood by economists for a long time.

Respuesta :

bogadu

Answer: avoid competition (monopolize)

Explanation:

The desire of businesses to monopolize, so that they can raise the prices that they charge and earn higher profits, has been well-understood by economists for a long time.

Monopoly is a situation whereby a company has exclusive control over trade in a particular goods, thus beating out every competitor. When this is achieved, the company can regulate prices however they choose.