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Monopolies are classified as a price maker. Monopolies will not have a lot of competition in their market structures. How do you think the lack

Monopolies are classified as a price maker. Monopolies will not have a lot of competition in their market structures.

How do you think the lack of competition will impact how monopolies will operate?

If you were a manager, in charge of a monopoly, how would you figure out what to charge for your good/service that you are selling?

Reference please.

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