Virginia Tech ECON ECON 5005 We talked quite a bit about textbook monopoly theory and its…
We talked quite a bit about textbook monopoly theory and its potential weaknesses. Why
does the theory appear to be inapplicable (that is, why doesn’t there seem to be much
evidence in the real world for the existence free market monopolies)? (I’m looking for a very specific answer, as we discussed it often.)
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