=+Compare the price and output policy of a purely competitive industry with the policy that would be

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=+Compare the price and output policy of a purely competitive industry with the policy that would be established by a profit-maximizing monopolist or trade associa- tion. Who benefits and who is hurt by the formation of the monopoly?

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Microeconomics Private And Public Choice

ISBN: 9780324320367

11th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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