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Can you help me find an article that describes a firm operating as a monopolist or near monopolist (in a market with one dominant firm
Can you help me find an article that describes a firm operating as a monopolist or near monopolist (in a market with one dominant firm and several fringe firms, the dominant firm can essentially act as a monopolist)
- Briefly describe the market and how the monopoly came to be.
- Is the monopoly firm profitable, and what is preventing other firms from entering (or, in the case of a dominant firm, what is preventing the fringe firms from gaining a larger share of the market)?
- Is this helpful or harmful to consumers, and should anything be done (or has something already been done) about this monopoly?
- What decisions can the monopoly firm make that it couldn't in a more competitive market?
- How do the additional options that this firm can take help increase its profitability?
- Are there other markets that the monopolist firm has entered or could enter that are possible because of its monopoly in the initial market?
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