Solved: Problem based on monopoly power, Macroeconomics

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Problem based on monopoly power

Question:Please help with the following problem. Include references in the solution.

Describe a real life situation of a firm having type monopoly power that is not due to government regulation. What is the source of their monopoly power and how do they exploit it?

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Macroeconomics: Problem based on monopoly power

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Macroeconomics: Problem based on monopoly power

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