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Market power results in more restricted output and higher price...

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Market power results in more restricted output and higher price...

Market power results in more restricted output and higher price than would prevail in a perfectly competitive industry. However, some market power is desirable for society if

Question 30 options:


government can tax firms with market power


it encourages firms to innovate


it results in more homogeneous goods


it encourages more labor investment

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Answered by silausedasiopurong99 on coursehero.com

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