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Business, 13.08.2019 03:20 andybiersack154
The nondiscriminating pure monopolist must decrease price on all units of a product sold in order to sell more units. this explains why (points : 3)
a) there are barriers to entry in pure monopoly.
b)a monopoly has a perfectly elastic demand curve.
c)marginal revenue is less than average revenue.
d)total revenues are greater than total costs at the profit-maximizing level of output.
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