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Sagot :
If the government deregulates the airline industry then "b. producers
will have more control over the price charged for their product." Perfectly competitive markets are almost impossible.
Answer:
A firm with total market power can raise prices without losing any customers to competitors.
Explanation:
Market participants that have market power are therefore sometimes referred to as "price makers" or "price setters", while those without are sometimes called "price takers".
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