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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