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“Monopolies” Please respond to the following:
 
·         From the first e-Activity, imagine this company acting as a monopoly was to have a new competitor arrive in the marketplace. Assess how the monopoly would likely change its pricing strategy to compensate for the new competition.
 
·         From the first e-Activity, speculate how the monopolist could be more efficient in the long-run considering new competition has entered the marketplace.
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