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Business, 27.03.2020 03:54 Joseph17Peralta

Monopolies often charge prices that exceed their marginal cost, which allows them to earn profits. Among monopolies though, the degree to which firms can mark up prices varies. Differences in what characteristic explains the extent to which monopolies can mark up prices

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Monopolies often charge prices that exceed their marginal cost, which allows them to earn profits. A...
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