Answer the following questions about monopolists.
What are the three reasons why monopolies arise? Give one
example...
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Economics
Answer the following questions about monopolists.
What are the three reasons why monopolies arise? Give oneexample of a firm that is a monopoly and the reason why it is amonopoly.
How does a monopolist determine its profit-maximizing level ofoutput? How does it determine the price that it charges?
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Monopoly is a market structure in which there is only oneproducer and seller of a commodity but there are many buyers Theseller has full control over the marketReasons which give rise to monopoly areOwnership of a key resource There are some factors which
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