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  • When a Monopoly Is the Only Reasonable Situation in the Market?

     

    Essays3 Economics

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ID number:401523
Evaluation:
Published: 20.02.2012.
Language: English
Level: College/University
Literature: n/a
References: Not used
Extract

Economists assume that there are a number of different buyers and sellers in the marketplace. This means that we have a competition in the market, which allows price to change in response to changes in supply and demand. …

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