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Practical Application Does your college bookstore have a monopoly In what ways is that a good thing? In what ways does the store abuse its monopoly power Practical Application Let’s say that

Practical Application: Does your college bookstore have a monopoly? In what ways is that a good thing? In what ways does the store abuse its monopoly power?

2. Practical Application: Let’s say that you wanted to go into business for yourself. Your rich uncle offered to invest $100,000 in this business, but he had one provision—that it must be a monopoly. What business would you go into? Explain why it would be a monopoly.

Apr 24 2020 View more View Less

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