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1- Why do industries like electricity or cable TV have just one or two major firms while other industries like restaurants or clothes have hundreds
1- Why do industries like electricity or cable TV have just one or two major firms while other industries like restaurants or clothes have hundreds or thousands? What might be a general difference that leads to some industries having many firms while others are dominated by just one or two?"
2- What is monopoly? Why a monopolist is referred as price maker?
3- What are the capital budgeting methods used by managers?
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