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A monopolist can set any price it wants. So why does it still produce at a point where MC=MR, just like a perfectly competitive firm?
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Q247: Archibald's Tattoos is a perfectly competitive firm.
Q248: Compared to a single-price monopoly, a perfectly
Q327: In the above figure, if the price
Q400: The WaveHouse on Mission Beach in San
Q454: In the long run, perfectly competitive firms
Q456: Christy's Haircuts, the sole supplier of haircuts
Q483: If an average cost pricing rule is
Q595: For a single-price monopolist to sell one