Question
What is the difference in how market equilibrium is set in a monopolistic market compared to a competitive market? A. A monopolist affects equilibrium by
What is the difference in how market equilibrium is set in a monopolistic market compared to a competitive market?
A. A monopolist affects equilibrium by deciding how many houses or hotels to build on their properties.
B. A monopolist must negotiate with all of the other suppliers in the market to try to affect the market price
C. A monopolist must set their price high enough to make a profit but low enough to keep federal regulators off their backs.
D. A monopolist's output is the entire market supply curve so the monopolist determines the market price.
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