Briefly explain why monopolists are neither productively nor
allocatively efficient and briefly describe what results from...
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Economics
Briefly explain why monopolists are neither productively norallocatively efficient and briefly describe what results from thesecircumstances.
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A monopolist isnt a pricetaker since it still sets the retail price as it chooses what quantity to make Overall income for a monopolist is relatively small at low production levels since not much is being sold Total revenue at very high production volumes is often
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