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QUESTION 16 If buyers have a range of similar options available from other firms: Then the monopolist must produce a larger quantity. Then the monopolist

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QUESTION 16 If buyers have a range of similar options available from other firms: Then the monopolist must produce a larger quantity. Then the monopolist cannot raise their price. Then the monopolist cannot lower their price. Then the monopolist will earn the highest profits. Then the firm is not a monopoly

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