Some economists argue that pure monopolists will purposely avoid the price-output combination that will maximize their profits.

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Some economists argue that pure monopolists will purposely avoid the price-output combination that will maximize their profits. Explain how this less-than-maximum profit behavior could be rational.

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Question Posted: Sep 21, 2024 05:13 AM

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Some economists argue that pure monopolists will purposely avoid the price-output combination that will maximize their profits.

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A pure monopoly may fear the threatof competition and keep prices and profits intentionall...View the full answer

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