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Please, I need some help answering these questions. I would like to understand the main idea with a clear and well-described response. Thanks and stay
Please, I need some help answering these questions. I would like to understand the main idea with a clear and well-described response. Thanks and stay well.
- Why is a monopoly considered inefficient as compared to perfect competition?
- Should we always break up a monopoly?Why or why not?
- Can a monopolist make profits in the long-run? Why?
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