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Why does a monopoly have no supply curve?
A supply curve is a curve that shows the quantity supplied at dissimilar prices, as a monopoly sets the price and the quantity together; there is no combination of quantity supplied and price under a monopoly. The best we can say is that there is a 'supply point' that is set by the monopoly.
Explain the difference between a change in quantity demanded and a change in demand. Change in quantity demanded" refers to movement with the demand curve. For instance, if th
What is the problem of central economic
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