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28 November, 10:13

Which of the following can destroy a monopoly?

a. technology

c. a reduction in the price of factor inputs

b. increased barriers to entry

d. a law which outlaws price discrimination

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Answers (1)
  1. 28 November, 10:35
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    I choose letter d. a law which outlaws price discrimination. Monopolies are known to manipulate prices to increase their profit. This is especially true in price discrimination where they sell at different prices to different buyers just to make more.
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