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  3. Study Set
    Foundations of Macroeconomics
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    Exam 16: Monopoly
  5. Question
    A Monopoly Can Set Any Price It Wants
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A Monopoly Can Set Any Price It Wants

Question 90

Question 90

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A monopoly can set any price it wants.So why does it still produce at a point where MR = MC,just like a perfectly competitive firm?

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The point where MR = MC maximizes any fi...

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