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discuss how a monopolist achieves long run equilibrium

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discuss how a monopolist achieves long run equilibrium
Answered Same Day Dec 21, 2021

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Robert answered on Dec 21 2021
126 Votes
Discuss how a monopolist achieves long run equili
ium
Answer:
Monopoly market is a market of one seller and large number of buyers. The single seller has full
control over the price of product it produces and he/she is free to discriminate the price. Being a
single seller in the market, the monopolist faces a...
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