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    Managerial Economics and Business Strategy Study Set 1
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    Exam 7: The Nature of Industry
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    It Is Sometimes Said That a Manager of a Monopoly
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It Is Sometimes Said That a Manager of a Monopoly

Question 46

Question 46

Essay

It is sometimes said that a manager of a monopoly can charge any price and customers will still have to buy the product.Do you agree or disagree?
Why?

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No.Once the monopoly has chosen the pric...

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