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Question
Justify the following statement.
MNC helps to end local monopolies.
Solution
- Multinational Corporation helps to end local monopolies.
- Multinational corporations lead to competition in the host countries.
- Local monopolies of host countries either start improving their products or reduces their prices.
- Multinational corporations put an end to exploitative practices of local monopolists.
- As a matter of fact, MNCs compel domestic companies to improve their efficiency and quality.
- Thus, MN C helps to end local monopolies.
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