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2. If the state didn’t open up the market, we … a monopoly.*would havehad hadwould hadhad

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  1. If the state didn’t open up the market, we … a monopoly.*would havehad hadwould hadhad
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Solution

The correct phrase to complete the sentence is "would have".

So, the completed sentence is: "If the state didn’t open up the market, we would have a monopoly."

"Would have" is used to talk about a situation that didn't happen in the past, but if it had happened, then the result would be as stated. In this context, it means that if the state didn't open up the market, then we would have a monopoly.

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