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29 January, 16:15

Many people believe that pure monopolies charge any price they want to without affecting sales. instead, the output level for a profit-maximizing pure monopoly occurs where

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  1. 29 January, 20:04
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    Given that m any people believe that pure monopolies charge any price they want to without affecting sales. instead, the output level for a profit-maximizing pure monopoly occurs where MC = MR (marginal cost equals marginal revenue).
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