To maximize its profit, a monopoly should choose a price where demand is:

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asked Mar 27, 2018 120k views

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Bachrc · Answer 1 · 2018-03-31T20:39:14+0000

High. As the higher the demand, the greater will be the no. of people who'd wish to buy it. This will maximise the profit as the price can be increased as per the seller's wish, because somebody or the other will buy it, since the demand is high.

To maximize its profit, a monopoly should choose a price where demand is:

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