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Business, 13.08.2019 05:10 Bashirar19
Amonopolist a. can charge whatever price it wants because it is the only firm producing the good. b. can usually keep price equal to marginal revenue by lowering the price on the last unit sold only. c. is constrained in its pricing decisions by the demand curve it faces. d. faces a demand curve that is more elastic than the demand curve for the industry.
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Amonopolist a. can charge whatever price it wants because it is the only firm producing the good. b....
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