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We already know what the standard graph for a monopoly looks like, theorectically speaking what does the government monopoly graph look like when we discuss
We already know what the standard graph for a monopoly looks like, theorectically speaking what does the government monopoly graph look like when we discuss something like the Social Security or Medicare government programs? Multiple Choice Government monopolies use the same monopoly graph we saw in our textbook and they also use the MC = MR formula. Microeconomics has not yet developed a government monopoly graph and they don't use MC = MR. A government monopoly uses the Price = AFC graph. A government monopoly uses the duopoly graph
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