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With a monopoly, the total surplus is lower than it would be with a perfectly competitive industry.
Defamation
Defamation is the act of communicating false statements about a person, damaging their reputation.
Negligently
Acting in a careless or irresponsible manner, failing to take the care that a reasonably prudent person would take in similar circumstances.
Reference
a mention or citation of a source of information or evidence in scholarly work, or a recommendation from someone known to the requester.
Punitive Damages
Monetary compensation awarded to the plaintiff, over and above actual damages, intended to punish the defendant for egregious conduct.
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