Purchase fits with the monopoly price-quantity model

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Reference no: EM131241575

Think of a time when you purchased something in a monopoly market. For example, purchasing a soft drink at movie theater is close to being a monopoly market since consumers have little choice of an alternative supply (there is usually still some choice, but it is very limited.)

Discuss how this purchase fits with the monopoly price/quantity model.

Reference no: EM131241575

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