作业帮微观经济学 垄断Explain why a monopoly that charges single price pro
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微观经济学 垄断
Explain why a monopoly that charges single price produces less than a competitive firm and results in an inefficient outcome.
(Suggested outline of your answer:explain how a monopoly and a competitive firm maximize profits,explain why profit maximizing output is different for these firms; argue whether a monopoly that sets a single price for its product will ever find it in its interest to produce same output as a competitive firm.Be clear and precise.)
Explain why a monopoly that charges single price produces less than a competitive firm and results in an inefficient outcome.
(Suggested outline of your answer:explain how a monopoly and a competitive firm maximize profits,explain why profit maximizing output is different for these firms; argue whether a monopoly that sets a single price for its product will ever find it in its interest to produce same output as a competitive firm.Be clear and precise.)
ecause for monopoly
MC=MR
P>MR
P
MC=MR
P>MR
P
微观经济学 垄断Explain why a monopoly that charges single price pro
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