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Tidy Tidy
wrote...
Posts: 4852
8 years ago
A profit maximizing monopoly's price is
A) the same as the price that would prevail if the industry was perfectly competitive.
B) less than the price that would prevail if the industry was perfectly competitive.
C) greater than the price that would prevail if the industry was perfectly competitive.
D) not consistently related to price that would prevail if the market was perfectly competitive.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 215 times
1 Reply
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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Answer verified by a subject expert
VincenzoDVincenzoD
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Posts: 1913
8 years ago
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This helped my grade so much Perfect
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