Unlike the perfect competitor, we see that a monopolist gets to choose a price and quantity. We also see that the monopo
Posted: Wed Jul 06, 2022 5:55 am
Unlike the perfect competitor, we see that a monopolist gets tochoose a price and quantity. We also see that the monopolist has atradeoff between price and quantity, that is, the higher a pricethey charge, the less quantity they will produce, and viceversa.
Describe a practical example that shows why monopolists facethis tradeoff If you deal with a monopoly in your life, what mayyou take if they raise prices too much? What impact does that haveon the monopoly?
Describe a practical example that shows why monopolists facethis tradeoff If you deal with a monopoly in your life, what mayyou take if they raise prices too much? What impact does that haveon the monopoly?