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B: Short Answer (45 Marks) Question 1 (5marks) For the following statements answer with a TRUE or FALSE. a. Eskom operates under a monopolistic market.

B: Short Answer (45 Marks) Question 1 (5marks) For the following statements answer with a TRUE or FALSE. a. Eskom operates under a monopolistic market. b. Street vendors are price takers. c. If the demand for a good falls when income falls the good is called normal good. d. People's tastes are based on historical and psychological forces that ar

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