Business
Business, 17.01.2021 21:20, duhitzmay9395

‘‘Monopolies perpetuate inflation. When wages rise, a monopoly simply passes on the increased cost in its price. Competitive firms would not be able to do that.’’ Do you agree? What are the differences between how a monopoly and a competitive firm respond to cost increases?

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‘‘Monopolies perpetuate inflation. When wages rise, a monopoly simply passes on the increased cost i...

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