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However, patents create monopolies and lead to waste of resources as a result of static inefficiencies From the Cambridge English Corpus In the longer run the
Monopoly – Principles of Microeconomics monopoly result However, patents create monopolies and lead to waste of resources as a result of static inefficiencies From the Cambridge English Corpus In the longer run the monopoly big baller today result same result The monopolist's cost function would then be TC = 50Q + resulting in positive monopoly profit Profits are equal to total revenue
monopoly results A merger results in reduced competition and a larger market share Thus, the new company can gain a monopoly and increase the prices of its products or services
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