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7 October, 01:18

A firm might try to increase its market power in order toA. Charge higher prices for the goods in produces.

b. Lower the price level throughout the market.

c. Encourage more firms to enter the market.

d. Boost competition through deregulation

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Answers (1)
  1. 7 October, 02:10
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    A. Charge higher prices for the goods in produces

    once a company dominates the market. It can set higher prices for the good and services it is dealing with.
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