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Economics Model Answers Nine - 2013 (view source)

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9. How does a monopolist maximize his profits?
 
9. How does a monopolist maximize his profits?
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:A monopolists keeps increasing and increasing his price until his marginal revenue declines to equal marginal cost.
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:A monopolist keeps increasing and increasing his price until his marginal revenue declines to equal marginal cost.
    
[[Category:Economics lectures]]
 
[[Category:Economics lectures]]
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