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Business, 26.11.2021 17:50 charlie3051

a monopoly, unlike a perfectly competitive firm, has some market power. thus, it can raise its price, within limits, without quantity demanded falling to zero. the main way monopolies retain their market power is through barriers to entry, which prevent other companies from entering monopolized markets and competing for customers.

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a monopoly, unlike a perfectly competitive firm, has some market power. thus, it can raise its price...
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