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<u>A monopoly's potential to raise prices indefinitely </u>is its most critical detriment to consumers. Even at high prices, customers will not be able to substitute the good or service with a more affordable alternative. As the sole supplier, a monopoly can also refuse to serve customers.
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Yes, it is true that <span>Herbert Hoover was elected as the 31st president of the united states, and although he showed promise, he proved to be a relatively ineffectual President. </span>
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The Ilkhanate (or Ilqanate, 1260-1335 CE) was that part of the Mongol Empire (1206-1368 CE) which mostly covered what is today Iran and parts of Turkmenistan, Turkey, Iraq, Armenia, Afghanistan, and Pakistan. Established by the Mongol general Hulegu (d.
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