Why are economists concerned about monopolies


Problem

All forms of competition deliver desired goods to consumers. However, varying degrees of competition deliver goods at different prices and (most likely) different qualities? Why are economists concerned about monopolies? Why are they less concerned about oligopolies?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why are economists concerned about monopolies
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