Economy, asked by rameshmath6439, 10 months ago

Causes of monopoly market and how the monopoly market maximize the profit ?

Answers

Answered by Anonymous

Explanation:

Profit maximizer: a monopoly maximizes profits. Due to the lack of competition a firm can charge a set price above what would be charged in a competitive market, thereby maximizing its revenue. Price maker: the monopoly decides the price of the good or product being sold....

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