Describe and explain monopolist output decision

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1. Evaluate the distribution of income in the United States and issues relative to inequality

2. Fill in the blanks: A monopolists has _____, the ability to affect the price of a product. Consumers obey the law of demand and the higher the monopolist’s price the ______ the quantity it will sell.

3. Describe and explain a monopolist’s output decision

Reference no: EM131376689

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