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  3. Study Set
    Principles of Economics
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    Exam 15: Monopoly
  5. Question
    Because Monopoly Firms Do Not Have to Compete with Other
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Because Monopoly Firms Do Not Have to Compete with Other

Question 47

Question 47

True/False

Because monopoly firms do not have to compete with other firms, the outcome in a market with a monopoly is often efficient, but not equitable.

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