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Module 4 deals with the theory of the firm and various market structures. Post a discussion of the pros and cons of the monopoly market
Module 4 deals with the theory of the firm and various market structures. Post a discussion of the pros and cons of the monopoly market structure. Most economists are usually critical of the effects of monopoly power on the market, however, some economists think that it is not all bad and there are some positives for the market. Again, what are the positives and negatives of a monopolist's behavior.
Post the pros and cons of the monopoly market structure.
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