To find the price, a monopolist looks at the price _____ at the chosen quantity. supplied demanded in equilibrium

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12-01-2018
Business

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To find the price, a monopolist looks at the price _____ at the chosen quantity. supplied demanded in equilibrium

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andriansp andriansp · Answer 1 · 2018-01-23T19:00:02+01:00

andriansp andriansp

23-01-2018

To find the price, a monopolist looks at the price demanded at the chosen quantity.Monopolist tend already obtained a complete control on a certain type of product in the market. Because of this, in order to seek a price for their product, they just need to see how much customers are able to pay without considering other factors such as competitors and cash reserves

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