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lstar1993 lstar1993
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5 years ago
A profit-maximizing monopoly's price is

• the same as the price that would prevail if the industry was perfectly competitive.

• less than the price that would prevail if the industry was perfectly competitive.

• greater than the price that would prevail if the industry was perfectly competitive.

• not consistently related to price that would prevail if the market was perfectly competitive.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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rand22rand22
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5 years ago
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lstar1993 Author
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#2
5 years ago
This site is awesome!
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5 years ago
Slight Smile Good luck on the rest
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