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When goods produced in monopolistic markets become inputs to produce other goods, prices rise by more than if the input was competitively priced. everyone is
When goods produced in monopolistic markets become inputs to produce other goods,
prices rise by more than if the input was competitively priced.
everyone is worse off.
prices end up being equal to average costs.
prices rise, but by less than if the input was competitively priced.
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