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March 29, 2015

Homework Help: economics

Posted by Anonymous on Tuesday, April 10, 2012 at 10:16am.

Suppose that a business has developed a very high-quality product and operates more efficiently in producing that product than any other potential competitor. As a consequence, at present it is the only seller of this product, for which there are few close substitutes. Is this firm in violation of U.S. antitrust laws? Explain

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