Economy, asked by pkdalei3, 10 months ago

why monopoly sells less, at a higher price?​

Answers

Answered by Anonymous
4

Answer:

For a monopoly there is a price effect. It must reduce price to sell additional output. So the marginal revenue on its additional unit sold is lower than the price, because it gets less revenue for previous units as well (it has to reduce price to the same amount for all units).

Answered by hari14370
0

Answer:

because it's a game know

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