What are the features of monopolies

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1. In a short paragraph, what were the Fed’s goals in implementing Quantitative Easing and Operation Twist? What are the short and long term consequences of these monetary programs ?

2. What are the features of monopolies? Are monopolies always large firms? Please provide examples to explain.

3. A monopoly producing a chip at a marginal cost of $6 per unit faces a demand elasticity of ?2.5. Which price should it charge to optimize its profits?

Reference no: EM131392990

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