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Question
Select the proper option from the option given below and rewrite the completed sentence.
Business organization should avoid creation of ________.
Options
Trade Unions
Consumer's cell
Monopoly
Solution
Business organisation should avoid creation of monopoly.
Explanation:
According to the code of business ethics, business organisations should not create monopoly. A monopolistic market is not good from consumers’ point of view, as it reduces consumer surplus. Also, the quantity demanded by consumers in the monopolistic market is less than that in other markets.
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