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Humans Exhibit Monopolistic Behavior
Date Submitted: 09/18/2002 06:38:54
Category: / Science & Technology
Length: 2 pages (494 words)
Views: 78747
Humans Exhibit Monopolistic Behaviors In economics we often see monopolistic behavior displayed by companies. Monopolies are defined as companies with exclusive control over the marketing of their product or service. A monopoly is generally the dominant firm, not necessarily the only firm in their corner of the market. The difference between monopolies and competitive firms is that a monopoly is able to influence the price of its good. Monopolies can be created if the company …
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