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Additional Concepts
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Monopoly Power
The ability of a single seller or company to control the market price and supply of a product or service.
High-priced Rental
Property rental arrangements that are significantly more expensive than the average market rate.
Rent-seeking
Endeavors aimed at earning income by manipulating the economic environment rather than through trade and production of added value.
Monopoly Power
The ability of a single seller to control the market for a good or service, setting prices and output levels.
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