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A monopolist can raise its price without losing any sales because it is the only supplier in the market can earn a higher than normal
A monopolist
- can raise its price without losing any sales because it is the only supplier in the market
- can earn a higher than normal rate of return in the long term
- always charges a price that is higher than the marginal revenue
- A and B
- B and C
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Microeconomics and Behavior
Authors: Robert Frank
9th edition
9780077723750, 78021693, 77723759, 978-0078021695
