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1 Economics PART 1: Monopoly Your firm has just received a market research project in China 1. Select one real firm in China . Discuss

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Economics PART 1: Monopoly Your firm has just received a market research project in China 1. Select one real firm in China . Discuss important characteristics of your selected monopolist. 2. Discuss how your selected monopolist chooses the optimal quantity to produce and price to sell. Draw one or two relevant charts to support your discussion. 3. Discuss how your selected monopolist apply price discrimination. Explain why the monopolist applies this business strategy

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