What is a pure monopoly?
1 answer:
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Look at the attached image (credit to Desmos graphing calculator)
To graph the equation y=4x+1, we just find two points that exist, plot them, and draw a straight line that goes through them.
Let's try x=0:
One point on the line is (0,1)
Let's try x=1:
Another point is (1,5).
Now, plot these two points and draw a line through them.
