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True or false Natural monopolies should be broken up to improve competition Why 2 True or false Monopolies are bad patents give firms monopoly therefore, patents are bad Why

1. True or false? Natural monopolies should be broken up to improve competition. Why?

2. True or false? Monopolies are bad; patents give firms monopoly; therefore, patents are bad. Why?

3. Discuss each of the following market structures in terms of static and dynamic efficiency:

a. Perfect competition.

b. Monopolistic competition.

c. Oligopoly.

d. Monopoly.

Apr 24 2020 View more View Less

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