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Unformatted text preview: monopolist cannot choose both Price and Output to be sold. He has to determine one of these quantities. If he chooses higher price P 1 he has to be satisfied with smaller sales of quantity Q 1 . If he prefers larger output Q 2 he will have to charge lower price P 2 . ....
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This note was uploaded on 11/26/2011 for the course ECONOMIC ec 201 taught by Professor - during the Fall '10 term at Montgomery.
- Fall '10