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It Is Sometimes Said That a Manager of a Monopoly

question 46

Essay

It is sometimes said that a manager of a monopoly can charge any price and customers will still have to buy the product.Do you agree or disagree?
Why?


Definitions:

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment, a key indicator of economic health.

Job Market

The market in which employers search for employees and employees search for jobs; it reflects the demand and supply of labor.

Equity

Fairness or justice in the way people are treated or in the distribution of resources; also refers to ownership interest in a company through stocks.

Sales Tax

A tax imposed by governments on the sale of goods and services, typically a percentage of the retail price.

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