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How do monopolies affect the price of goods?
A monopoly contributes to price increases, leads to the creation of inferior products and discourages innovation. Monopolies inhibit free trade and limit the effectiveness of a free-market economy.
His original name being Xun Kuang was one of the three great Confucian philosophers of the classical period in China. He elaborated and systematized the work undertaken by Confucius and Mencius. <em>Unlike the predecessors, who were private teachers, he had a political experience as a state-sponsored academic.</em>