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“Monopoly and Market Entry and Monopolistic Competition”

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Principles of Economnics

  • Identify a company in your local area (In Texas) that you would classify as a monopoly. Explain why you classified the company as a monopoly, and state how the company relates to at least two characteristics of that particular market.

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  • From the e-Activity article, explain your position on whether or not Apple is stifling competition and monopolizing the tablet market. Examine the type of market structure within which Apple operates. Support your answer by relating to each of the characteristics described in Chapter 8 of your textbook.

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