wenzelovestarbucks wenzelovestarbucks
  • 16-08-2021
  • Advanced Placement (AP)
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The price of the monopolist sets can be found at the point where

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dinithisula
dinithisula dinithisula
  • 17-08-2021

Answer:

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.

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