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Business, 13.03.2021 02:00 aaroneduke558

A certain town in the Midwest obtains all of its electricity from one company, North-star Electric. Although the company is a monopoly, it is owned by the citizens of the town, all of whomsplit the profits equally at the end of each year. The CEO of the company claims that because all ofthe profits will be given back to the citi- zens, it makes economic sense to charge a monopoly price forelectricity. True or false

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A certain town in the Midwest obtains all of its electricity from one company, North-star Electric....

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