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  3. Study Set
    Price Theory and Applications
  4. Exam
    Exam 10: Monopoly
  5. Question
    The Large Increase in the Price of Oil and in the Total
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The Large Increase in the Price of Oil and in the Total

Question 30

Question 30

True/False

The large increase in the price of oil and in the total revenues and profits of the US oil industry in the 1990's are evidence that it was exercising monopoly power.

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