10. Evaluate: Society does not need laws outlawing monopolization and monopoly. Inevitably, monopoly causes its own selfdestruction,...

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10. Evaluate: “Society does not need laws outlawing monopolization and monopoly. Inevitably, monopoly causes its own selfdestruction, since its high profit is the lure for other firms or entrepreneurs to develop substitute products.” [LO14.7]

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Microeconomics

ISBN: 9781108420969

15th Canadian Edition

Authors: Campbell R. Mcconnell, Stanley L. Brue, Sean M. Flynn, Thomas P. Barbiero

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