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Business

Economics

Do you think Amazon is a monopoly? Explain.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter14: Monopoly

Section14.1: Why Monopolies Arise

Problem 1QQ

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1. Do you think Amazon is a monopoly? Explain.

2. Should Amazon be regulated by the U.S. Government? Explain.

Definition Definition Market structure in which a single company dominates the entire industry. In a monopoly market, there are no close substitutes for the goods and services offered by the monopoly.

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