What is the primary reason that economists view monopolies

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What is the primary reason that economists view monopolies as a problem? Is this different than you would have expected? What methods are available to mitigate the impact of monopolies? Does being a monopolist guarantee a profit for the firm? Can you think of any examples of unsuccessful monopolies? Follow up: Is this an example of monopoly power? Should the FTC have acted here to limit the market power of Whole Foods?

Reference no: EM13735431

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