Question: If you wait long enough monopolies disappear Explain
If you wait long enough, monopolies disappear. Explain.
Answer to relevant QuestionsWho regulates the regulators? Is it a problem? Describe why externalities generate market failure. Canadians are worried. Many of their bright and educated young people head south to the United States to find employment. Why would they do that? Recall the analysis of pollution costs in the previous chapter. How would pollution considerations--cleanup costs resulting from increased use of insecticides and chemical fertilizers in Zambia--affect Zambian farm wage ...Monopolies earn monopoly profit. What is it that monopsonies earn? How is it derived?
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