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Migo7s Migo7s
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5 years ago
Joe Santos owns the only pizza parlor in a small town that is also home to a McDonald's, a Taco Bell, and a Kentucky Fried Chicken. Using a broad definition of a monopoly, Joe has a monopoly if the menu items sold at the other restaurants are not considered close substitutes for the food sold at the pizza parlor.

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Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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zachcarytcriszachcarytcris
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