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Is the statement true or false? Explain. Question: Is it possible for a monopoly to charge its service above marginal cost? If so, can they

Is the statement true or false? Explain.

Question: Is it possible for a monopoly to charge its service above marginal cost? If so, can they maximize profit out of this?

Solve it correctly please. I will rate accordingly with multiple votes....Explain your answer...Ty-ped answer only.

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