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wrote...
Posts: 165
2 months 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.
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Microeconomics
Edition: 7th
Authors:
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Posts: 189
2 months ago
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greater than the price that would prevail if the industry was perfectly competitive.
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Slight Smile Good luck on the rest
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