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Firms clearly want to have a monopoly, or as much monopoly power as possible. (By Monopoly power I'm referring to the ability to control their
Firms clearly want to have a monopoly, or as much monopoly power as possible. (By Monopoly power I'm referring to the ability to control their price). After all, perfectly competitive firms can expect zero economic profit in the long run. Over the years, various products have been "given away" or "integrated" into other products as a way of using "predatory pricing" to keep competitors out of the market
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