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Monopolies exert market power to increase their profits. Choose a company that is exerting market power, explain how it attained that market power, and characterize
Monopolies exert market power to increase their profits. Choose a company that is exerting market power, explain how it attained that market power, and characterize the impact of that company on the consumer and on the economy. Has this led to under-production, overpricing, or lowering the quality of the goods/services being provided? Explain your
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