Why would economists argue in favor of allowing monopolies and oligopolies to set their own prices undisturbed

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Why would economists argue in favor of allowing monopolies and oligopolies to set their own prices undisturbed by government? What assumptions do they make concerning economies of scale?

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Principles of Economics

ISBN: 978-1285064437

7th edition

Authors: Fred M. Gottheil

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Question Posted: Apr 21, 2015 09:37 AM

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Why would economists argue in favor of allowing monopolies and oligopolies to set their own prices undisturbed

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Economists favor laissezfaire policy for several reasons But the central idea behind all of them ...View the full answer

Principles of Economics

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