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Managing in Competitive, Monopolistic, and Monopolistically Competitive Markets Francis S. Dela Vega Joniel S. Maducdoc Marrianne V. Pequeras Overview I. Perfect Competition…

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Monopoly 15 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 MONOPOLY…