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What does public ownership entail in a monopoly's public policy?

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What does public ownership entail in a monopoly's public policy?
Answered Same Day Dec 22, 2021

Solution

David answered on Dec 22 2021
110 Votes
What does public ownership entail in a monopoly's public policy?
Answer:
Public ownership is often meant to maximize total social surplus, which occurs when there is
marginal cost pricing. Monopoly, however, looks to maximize the profit and therefore charge a
price greater than marginal cost...
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