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Mary lives in a state where the government has decided to support a local cartel. What can she expect to happen? People will spend their

Mary lives in a state where the government has decided to support a local cartel. What can she expect to happen? People will spend their energies trying to get monopoly or cartel privileges from the government. Universities, firms, and individuals will innovate more. People will end up paying lower prices. People will be able to buy higher-quality products

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