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Solve the Inequality 16xx3<016 x - x ^ { 3 } < 0

question 43

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Solve the inequality 16xx3<016 x - x ^ { 3 } < 0 and write the solution set in interval notation.

Explain the role of patents, licenses, and government regulations as mechanisms to sustain monopolies.
Understand the implications of monopoly power on market efficiency and consumer welfare.
Recognize the conditions under which natural monopolies occur.
Analyze the elasticity of demand in the context of monopolistic markets.

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