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A monopoly can raise prices and retain customers because the monopoly has no competitors. If a customer has no other place to go to obtain the goods or services, they either pay the increased price or do without. Thus the key to market power is to preclude competition through high barriers of entry.
Answer:
Explanation:
The Stamp Act of 1765 was the first internal tax levied directly on American colonists by the British Parliament. ... Parliament passed the Stamp Act on March 22, 1765 and repealed it in 1766, but issued a Declaratory Act at the same time to reaffirm its authority to pass any colonial ...
<span>The Constitution equally favors agriculture, commerce, and manufacturing.</span>