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What are some reasons for a monopoly to see both its market power and profits reduce?
Accessible
Describes something that is easily approachable, obtainable, or usable by individuals, emphasizing ease of use or understanding.
Recently Learned
Pertains to knowledge or skills that one has acquired not long ago, emphasizing recent improvement or education.
Inconsistent
Lacking consistency, uniformity, or agreement, often resulting in unpredictability or incongruity in actions, values, or principles.
Cognitive Closure
The human desire to have a clear, definite answer to a question or decision, avoiding ambiguity.
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