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1 How can monopolies effectively price their products? 2 When looking at monopolies, you will find that they are able to compete. How do you
1 How can monopolies effectively price their products?
2 When looking at monopolies, you will find that they are able to compete. How do you think markets can adjust to this competition?
3. You will find that monopolies are able to charge what they think is best. Do you think this is a fair way to price their products?
4. How do you think markets will able to adjust to a higher level of competition that is not present in monopolies?
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