1.1. John states that there are always some close substitutes for the product any firm sells; therefore,...

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1.1. John states that there are always some close substitutes for the product any firm sells;

therefore, the theory of monopoly (which assumes no close substitutes) cannot be useful.

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Economics

ISBN: 978-0324538014

8th Edition

Authors: Roger A Arnold

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Question Posted: Nov 04, 2024 03:01 AM

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1.1. John states that there are always some close substitutes for the product any firm sells; therefore, the theory of monopoly (which assumes no close substitutes) cannot be useful. Comment.
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1.1. John states that there are always some close substitutes for the product any firm sells; therefore,...

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Economics

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