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When Rulers Depend on Powerful Members of the Nobility to Retain

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When rulers depend on powerful members of the nobility to retain their thrones and are not considered to be above the law,they are part of what kind of monarchy?


Definitions:

Sherman Antitrust Act

Is a landmark federal statute in the United States that prohibits monopolistic business practices and promotes competition.

Cartel Agreements

An arrangement between competing firms to control prices or exclude entry of a new competitor in a market, often to maximize their own profits by limiting supply.

Price-fixing

An illegal agreement among competitors to set prices at a certain level rather than allowing them to fluctuate naturally with market forces.

Clayton Act

A U.S. antitrust law, enacted in 1914, aimed at promoting fair competition and preventing monopolies.

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