Read the wsj article on the attempted monopolization of the, Microeconomics

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Read the wsj article on the attempted monopolization of the

Question: Read the WSJ article on the attempted monopolization of the plastic clothes hanger market in this week's notes. Why does monopolization have the potential to increase prices and profitability significantly in the short run? Do you think this market will remain a monopoly in the long run? Discuss your answer.

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