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Question 1: Evaluate the following statement: "A monopoly can charge whatever it wants because it is the only seller of this good". Do you agree or disagree? Support your answer with solid economic reasoning.
Question 2: Identify and describe a real-world example of a company that is an oligopoly. Explain how this example fits each of the characteristics from the definition of an oligopoly? What role does advertising play in the market from your example? Is this consistent with what you've learned about advertising and oligopoly in this course Make sure your answer is detailed but concise.
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This work talks about monopoly and how it influences the price. Factors that bring about monopoly are also identified. The work also explains why companies in a monopolistic market can change the price. The paper also talks about oligopoly and the companies in such a structure. The characteristics of such an oligopoly market are also identified. The work is prepared in a word document.
Find attached two assignments. Need question 19 - 200 words + references with in-text citations. (read question properly and get it done exactly as asked for...100% relevant content is a must) Need question 20 - 300 words + references with in-text citations (100 words for each question) (read question properly and get it done exactly as asked for...100% relevant content is a must)
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