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(Solved): Explain the concepts: monopoly, interest, inflation, GDP, business cycle. Please give references on ...



Explain the concepts: monopoly, interest, inflation, GDP, business cycle.

Please give references on your facts



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Answer:- A company that has a sizable enough market share to successfully set prices and regulate the market is said to have a monopoly. Interest is the cost a lender assesses to a borrower for using their funds. A prolonged rise in the average price
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