In each case below, suggest which ones are monopolies and also define the width of the industry
Question:
In each case below, suggest which ones are monopolies and also define the width of the industry that you are assuming:
1. the canteen in your school
2. your doctor
3. the local refuse disposal system
4. your school
5. the national telephone service
6. the national postal service.
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ANSWER Determining whether a particular entity is a monopoly depends on various factors including ma...View the full answer
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Ritesh Khan
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