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Evaluate the ethics of Becton Dickinson’s use of the GPO system in the late 1990s. Are the GPO’s monopolies? Are they ethical? Explain.
A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity. [ [ (This contrasts with a monopsony which relates to a single entity's control of a market to purchase a good or service, and with oligopoly which consists of a few entities dominating an industry. ] ]
Expert answered|erinbishop|Points 0|
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