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Discuss the single biggest competitive advantage

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Monopoly

Discuss the strategies and actions (either legal or illegal) a firm could employ to monopolize the market for a good or service. Explain why this would be.

Discuss a best practice that would apply to a monopolist in any market. Explain why you support it as a best practice.

Monopolistic Competition and Oligopoly

Discuss the single biggest competitive advantage a firm in such a market could have. Explain your rationale.

Discuss the likely economic outcome if all markets were oligopolistic. Provide specific examples to support your response.

Reference no: EM131608689

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