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Q. Controlover Supply of Inputs - sources of monopoly?
Furthermore, a monopoly situation may arise because of control over the supply of an essential input -skilled labour, raw materials, and technology used-denying access to these inputs to any possible firm. Monopolies may be protected by a protectionist policy of the government by putting tariffs on foreign goods.
Managerial Economics helps create utility for the Society.
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what is the role of managerial economics in running a business?
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Explain the classification of oligopoly?
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