Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 12 - Pure Monopoly - Discussion Questions: 1

Answer

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Work Step by Step

Pure monopolies certainly exist, and they exist for different reasons. In some markets, they exist because it is difficult for new businesses to enter the market, while in other cases, the government will grant monopolies to increase efficiency.
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