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The following market has one monopolist who uses its power to set the price at P2 = $6 and produce the quantity of Q2 =
The following market has one monopolist who uses its power to set the price at P2 = $6 and produce the quantity of Q2 = 10. So, the monopoly equilibrium is at E2.
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Foundations of Mathematical Economics
Authors: Michael Carter
1st edition
262531925, 978-0262531924
