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Business, 01.10.2021 05:40 29delphina

a monopolist, unlike a competitive firm, has some market power. it can raise its price, within limits, without the quantity demanded falling to zero. the main way it retains its market power is through barriers to entry—that is, other companies cannot enter the market to create competition in that particular industry.

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a monopolist, unlike a competitive firm, has some market power. it can raise its price, within limit...
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