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in the blanks to complete the following paragraph about prices and revenue. Drog words) below to fill in the blank(s) in the passage. monopolist follows
in the blanks to complete the following paragraph about prices and revenue. Drog words) below to fill in the blank(s) in the passage. monopolist follows the same profit-maximizing rule as a firm in a competitive market: produce til marginal cost equals marginal revenue, but the monopoly firm must decide what price to ices go down the monopolist gains more customers. At the same time, this lowers the venue from each individual customer, including the existing ones. However, up to a certain point increased sales volume the revenue loss from the price decrease. cost-minimizing outweighs increases raises
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