Question
Suppose all the firms in the perfectly competitive industry merge together to become a single monopolist. Explain what will happen to the price and quantity
Suppose all the firms in the perfectly competitive industry merge together to become a single monopolist. Explain what will happen to the price and quantity sold in the market. Also explain if you expect the monopolist to survive.
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Economics of Managerial Decisions
Authors: Roger Blair, Mark Rush
1st edition
134166167, 978-0134166162, 9780134140773 , 978-0133548235
