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Why Is It That Pure Monopoly Would Not Likely Exist

question 16

Essay

Why is it that pure monopoly would not likely exist without government?


Definitions:

Probability Range

A span of values within which a probable outcome is expected to occur, often expressed as a percentage.

Standard Deviation

A statistical measure of the dispersion of returns for a given security or market index.

Risk Premium

Risk premium is the additional return an investor demands for holding a risky asset over a risk-free asset, compensating for the higher uncertainty.

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