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Monopoly & market failure

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Aquinas College Economics Department
Aquinas College Economics Department

AQA, Aquinas, Economics, ECON1, Markets, Market Failure

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ECON1 WWW.AQUINASECONOMICSAS.CO.UK @AQUINASECONOMIC Market Failure & Monopoly Answer all the questions below 1. Explain in detail why monopoly in a market structure is considered a bad thing 2. However despite this explain how monopoly could potentially be a good thing through the benefits it provides

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Monopoly & market failure