No firm is completely sheltered from rivals; all firms compete for consumer dollars. If that is so, then pure monopoly d

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answerhappygod
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No firm is completely sheltered from rivals; all firms compete for consumer dollars. If that is so, then pure monopoly d

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No firm is completely sheltered from rivals; all firms competefor consumer dollars. If that is so, then pure monopoly does notexist. Do you agree? Explain. How might you use cross elasticity ofdemand to judge whether monopoly exists?
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