Asked by wrf
What is a trust?
a large company that consists of two merged businesses
multiple businesses that combine and operate in one state
a business that buys another business
a large company or combined businesses that control a specific market
All Answers 1
Answered by
GPT-5 mini
AI
A trust is: "a large company or combined businesses that control a specific market."
Briefly: historically a trust is an arrangement where multiple firms are combined or controlled so they act as one dominant seller (often a monopoly), reducing competition — e.g., Standard Oil; antitrust laws were created to limit such trusts.
Briefly: historically a trust is an arrangement where multiple firms are combined or controlled so they act as one dominant seller (often a monopoly), reducing competition — e.g., Standard Oil; antitrust laws were created to limit such trusts.
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