A monopolists decision about how much unit to sell.
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A monopolists decision about how much unit to sell relates to microeconomics.
- Microeconomics is a major branch of economics that explores how choices are taken by individual units in an economy. For example, a single company, or a single household.
- It is opposed to macroeconomics, which deals with the entire economy's averages and aggregates, such as interest rates, inflation rate, GDP, etc.
- A monopolist is an individual or an enterprise dominating a specific commodity for entire market and also deciding how much to sell.
- They are more likely to believe in policies supporting monopolies when granted greater management. There is no motivation for a monopolist to change their commodity when clients have no alternatives.
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