The high and rising price of lobsters is not necessarily indicative of monopoly in the lobster-fishing market.

Name: The high and rising price of lobsters is not necessarily indicative of monopoly in the lobster-fishing market.
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Question

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The high and rising price of lobsters can be influenced by various factors beyond monopoly power, such as changes in demand and supply, weather conditions, and transportation costs. Thus, it is not necessarily indicative of monopoly in the lobster-fishing market.

The High and Rising Price of Lobsters Is Not Necessarily