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17 December, 09:04

To maximize its profit, a monopoly should choose a price where demand is:

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  1. 17 December, 12:41
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    High. As the higher the demand, the greater will be the no. of people who'd wish to buy it. This will maximise the profit as the price can be increased as per the seller's wish, because somebody or the other will buy it, since the demand is high.
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