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Author Question: For the following, please answer "True" or "False" and explain why.Since a monopoly can set any ... (Read 125 times)

bclement10

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on: Mar 14, 2021

Question 1

For the following, please answer "True" or "False" and explain why.


Since there are no close substitutes for the monopoly's product, the monopoly can charge any price it wishes.

Question 2

For the following, please answer "True" or "False" and explain why.


Since a monopoly can set any price it wants, it always makes a profit?
Managerial Economics and Strategy ¦ Perloff, Brander ¦ 3rd Edition
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Marked as best answer by bclement10 on Mar 14, 2021

bobsmith

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Reply #1 on: Mar 14, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bclement10

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Reply 2 on: Mar 14, 2021
Thanks for the timely response, appreciate it

Bigfoot1984

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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