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Gennadij [26K]
2 years ago
15

A single-price monopoly is producing at an output level where marginal revenue is $15, marginal cost is $13, and price is $20. T

his monopoly is?
Business
1 answer:
s344n2d4d5 [400]2 years ago
7 0

The monopoly is maximizing its profit but still should decrease output to earn even more profit. A market structure characterized by a single seller selling a market-exclusive product. The seller has no competition in a monopoly market because he is the sole seller of goods with no close substitute.

The  Monopoly occurs when one market is the sole provider of phone service in a given area. A cat is the only pet that can be aloof, which is an example of monopoly. A monopoly is a phone company that is the only provider of phone service in a given area.

To learn more about Monopoly, click here.

brainly.com/question/5992626

#SPJ4

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