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In The Republic, Plato
Monopoly Power
The ability of a single or a group of sellers to control market prices and output in a particular market, often leading to higher prices and reduced consumer choice.
Development
A process that implies growth or improvement in a wide context, often used to refer to economic, social, or technological progress within societies.
Lower Costs
Refers to a reduction in the expenses incurred in the production of goods or provision of services, potentially leading to higher profitability.
Large Firms
Businesses that operate on a significant scale, typically having extensive operational capacities, manpower, and financial resources.
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