Do both buyers and sellers lose in the monopolist market
compared to the competitive?
Explain.
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Economics
Do both buyers and sellers lose in the monopolist marketcompared to the competitive?
Explain.
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We have a competitive market because there are many buyers and sellers of a homogeneous commodity Equilibrium is at a crossroads of supply and demand Houses enjoy buyer surplus at the equilibrium level of production provided by the marked area under the demand curve and above the
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