| April 28, 2016

Order Description
“Problems to Ponder” section Problem, 3 at the end of chapter 8, examines about monopoly power.

Ponder the statement, “Monopoly power comes from market acceptance, not from a patent, a prettier product, a slick advertising campaign, or anything else. So rather than spend your time in court, you should be out there drumming up business.”

Do you agree? Discuss your response to the questions in this problem.

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