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Essay

ECON 202 PRINCIPLES OF CONTEMPORARY MACROECONOMICS

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Issue:

Business

 

Written by:

Michael R

 

Date added:

April 9, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

12 / 3089

 

Was viewed:

4294 times

 

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Essay content:

Therefore, a monopoly exists when there is only one firm in the industry that has exclusive rights to manufacture and distribute its unique range of service or product. Market for local telephone service, gas, electricity, and water are some examples of local monopoly. GlaxoSmithKline has a monopoly on AZT, a drug that is used to treat AIDS...
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GlaxoSmithKline has a monopoly on AZT, a drug that is used to treat AIDS. DeBeers, a South African firm, controls 80 percent of the world’s production of raw diamonds-close to being a monopoly but not quite one. However, it is not clear as to how an industry should or could be classified as a monopoly...
displayed 300 characters

General issues of this essay:
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