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5 November, 14:42

At the profit-maximizing level of output, a monopolist will always operate where:

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  1. 5 November, 14:48
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    At the profit-maximizing level of output, a monopolist will always operate where: Price is greater than marginal cost

    a company that obtains a monopoly within a market will have no competition that disturbs their market share of potential customers, therefore they technically could fully determine the most acceptable price for that specific market.
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