When a single-price monopolist maximizes profits, price is greater than marginal cost. In other words, buyers are

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When a single-price monopolist maximizes profits, price is greater than marginal cost. In other words, buyers are willing to pay more for additional units of output than the units cost to produce. Given this situation, why doesn’t the monopolist produce more?

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Microeconomics

ISBN: 9780357720639

14th Edition

Authors: Roger A. Arnold, Daniel R Arnold, David H Arnold

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