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Tidy Tidy
wrote...
Posts: 4852
8 years ago
If we use a narrow definition of monopoly, then a monopoly is defined as a firm
A) that has been granted special production rights by the government.
B) that can ignore the actions of all other firms because it produces a superior product compared to its rivals' products.
C) that can ignore the actions of all other firms because it produces a product for which there are no close substitutes.
D) that has the largest market share in an industry.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 186 times
1 Reply
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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VincenzoDVincenzoD
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Top Poster
Posts: 1913
8 years ago
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Tidy Author
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8 years ago
Brilliant
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Yesterday
Good timing, thanks!
wrote...

2 hours ago
This helped my grade so much Perfect
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