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Another difference is that an increase in demand does not necessarily cause a monopoly to supply more.  In contrast, in a competitive industry, an increase in demand always forces an increase in supply (greater Q).
 
Another difference is that an increase in demand does not necessarily cause a monopoly to supply more.  In contrast, in a competitive industry, an increase in demand always forces an increase in supply (greater Q).
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<Excise Taxes and "Deadweight Loss"><Define and explain these two concepts>
    
==Assignment==
 
==Assignment==
Anthony, Irenaeus, Siteadmin, apieditor, Bureaucrats, Check users, nsAm_Govt_101RO, nsAm_Govt_101RW, nsAm_Govt_101_ta, nsJudgesRO, nsJudgesRW, nsJudges_talkRO, nsJudges_talkRW, nsTeam2RO, nsTeam2RW, nsTeam2_talkRO, nsTeam2_talkRW, oversight, Administrators
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