The price of the monopolist sets can be found at the point where

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Marcusstarnes asked Nov 3, 2022

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The price of the monopolist sets can be found at the point where

Advanced Placement (AP)
college

Marcusstarnes asked Nov 3, 2022

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In a monopoly, the price is set above marginal cost and the firm earns a positive economic profit. Perfect competition produces an equilibrium in which the price and quantity of a good is economically efficient.

Mfakhrusy answered Nov 9, 2022

by Mfakhrusy

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