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Business, 29.11.2020 18:30 Jojo8421

A nondiscriminating pure monopoly must decrease the price on all units of a product to sell more units. This explains why:. a. there are barriers to entry in pure monopoly
b. a pure monopoly has a perfectly elastic demand curve
c. a pure monopoly’s marginal revenue curve is below its demand curve
d. total revenues are greater than total costs at the profit maximizing level of output

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