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8 May, 2015 - 10:42

The government must attempt to maintain as much competition as possible in all markets. This is done by preventing monopolies or controlling them where necessary.

In 1945, the Aluminum Company of America (ALCOA) was judged to be a monopoly. Indeed, since 1893, it was virtually the only company producing aluminum in the United States, and therefore, it could charge any price it wanted.