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Pure Monopolist
A single seller in a market with no close substitutes for its product, setting the market price and output level.
Seventh Unit
A term that could refer to the incremental unit in a sequence, often used in contexts where items are categorized or measured in units.
Nondiscriminating Monopolist
A monopolist that charges the same price to all consumers for its product, instead of setting different prices for different customers.
Demand Schedule
A chart displaying the amounts of a product or service that buyers are prepared and able to buy at different price levels.
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