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Lana71 [14]
3 years ago
14

Explain, using examples, the abuse of monopoly power as a market failure.

Social Studies
1 answer:
just olya [345]3 years ago
3 0

Answer:

In the case of monopolies, abuse of power can lead to market failure. Market failure occurs when the price mechanism fails to take into account all of the costs and/or benefits of providing and consuming a good. A monopoly is an imperfect market that restricts output in an attempt to maximize profit.

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Explanation:

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<h3>Why is the best friction found on a dry concrete road?</h3>

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4 0
2 years ago
How do modern methods help historians investigate the Black Death?
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Answer:

I hope this helps some

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An error that was corrected with new evidence.

3 0
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Read 2 more answers
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