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a term used for studying production and trade, and their relations with law, custom, and government, as well as with the distribution of national income and wealth.

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Why the source profit is not only trade markups?

Because an extraordinary profit can also be derived from preferences, and brand. Why would you pay 4x more on an Iphone? Apple's ability to raise its price is not due to the market power it has, but r …
Juliano Silva's user avatar