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Look around you at industries/product that you see in the marketplace and identify at least one that you think is a monopoly. (Do NOT use
Look around you at industries/product that you see in the marketplace and identify at least one that you think is a monopoly. (Do NOT use a public utility or other natural monopoly. Do NOT use Luxottica) Do you think that, as suggested in the book, prices are higher and output lower with a monopolist than with a highly competitive firm?
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