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Assume that a monopolist deciders to maximize revenue rather than profit. How does this operating objective change the size of deadweight loss? If you are
Assume that a monopolist deciders to maximize revenue rather than profit. How does this operating objective change the size of deadweight loss? If you are a "benelovent " manager of a monopoly firm and are interested in reducing the deadweight loss of monopoly, should you maximize profits or maximize revenue? Explain.
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