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MAXImum [283]
3 years ago
15

What happens if a monopolist increases the price of a good?

Business
1 answer:
Natali5045456 [20]3 years ago
4 0

Answer:

By contrast, because a monopoly is the sole producer in its market, its demand curve is the market demand curve. If the monopolist raises the price of its good, consumers buy less of it. Also, if the monopolist reduces the quantity of output it produces and sells, the price of its output increases.

Explanation:

Also can you mark me as brainliest

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