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6 April, 08:39

Many people believe that monopolies charge any price they want to without affecting sales. instead, the output level for a profit-maximizing monopoly is determined by:

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  1. 6 April, 08:57
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    Many people believe that monopolies charge any price they want to without affecting sales. instead, the output level for a profit-maximizing monopoly is determined by:

    MC = MR (marginal cost equals marginal revenue)
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