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JUDO IN ACTION FACING THE COMPETITION GROUP 8 PGDM SECTION B SUBMITTED BY: ANKIT GUPTA ANURAG BADONI 070 071 ANURAG KAMANDULA 085 PALLAVI SRIVASTAVA 093 VIJEESH RAJAGOPALAN…

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1. Monopoly15 2. Monopoly • A firm is a monopoly if . . . • it is the only seller of its product, and • its product does not have close substitutes.CHAPTER 15 MONOPOLY2…

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Slide 1Copyright©2004 South-Western 15 Monopoly Slide 2 Copyright © 2004 South-Western While a competitive firm is a price taker, a monopoly firm is a price maker. Slide…