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QUESTION
A firm has a rate of return that is comparable to that of industries widely regarded as competitive.
A firm has a rate of return that is comparable to that of industries widely regarded as competitive. The data correctly take account of inflation, taxes and the firm’s debt ratio, and it is known that the firm engages in very little R&D and advertising. Is it necessarily true that the firm has no monopoly power, or at least is not exercising it?
A firm has a rate of return that is comparable to that of industries widely regarded as competitive. The data correctly take account of inflation, taxes and the firm’s debt ratio, and it is known...