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In-Class Debates
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College bookstore a monopoly?

Is there only one store on your college campus allowed to sell textbooks? Are there economic costs to this monopoly power? Are there economic benefits to this monopoly power? Assess the market for textbooks on your campus using the following key concepts from chapter 7.

 Costs or benefits of monopoly
Monopoly price 
Restricted output 
Monopoly profits 
Barriers to entry 
Research and development 
Economies of scale 
Natural monopoly 
Entrepreneurial incentives 
Contestable markets 

From the list above, which item is the strongest argument against your school allowing monopoly power in the textbook market? Why?

From the list above, which item is the strongest argument in favor of your school allowing monopoly power in the textbook market? Why?






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