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Assume one firm controls all the kebab stands in the entire city, so it is the market for kebabs. That is, one vendor has acquired

Assume one firm controls all the kebab stands in the entire city, so it is the market for kebabs. That is, one vendor has acquired all of the issued licences, but it cannot price discriminate. The graph shows the demand, marginal revenue, and marginal cost curves for this monopolist.

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