on 17 Monopolists face a demand curve. red out of g question on 18 With perfect competition (in the long run): P MR. red out of g question on 19 For a monopolists, Profit is maximized when MR MC. red out of g question on 20 Based on observations from economic history, in the long run, monopoly power red out of g question\fBased on observations from economic history, in the long run, monopoly power diminishes remains constant increases