Why don't monopolists try to establish the highest price possible, as many people allege? What would happen

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Why don't monopolists try to establish the highest price possible, as many people allege? What would happen to sales? To profits?

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Essentials of Economics

ISBN: 978-1259235702

10th edition

Authors: Bradley Schiller, Karen Gebhardt

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Question Posted: Aug 30, 2017 11:50 PM

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Why don't monopolists try to establish the highest price possible, as many people allege? What would happen

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The monopolists goal is to maximize profits not revenue To m...View the full answer

Essentials of Economics

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