Business

Business, 28.07.2019 00:00, maustin5323

Two conditions allow a single seller to become a monopolist. those two conditions are that the firm must:

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Business, 03.08.2019 02:20, brittanyowusu1820

The monopolist has no supply curve because the quantity supplied at any particular price depends on the monopolist's demand curve. there is a single seller in the market. the monopolist's marginal cost curve changes considerably over time. the relationship between price and quantity depends on both marginal cost and average cost. although there is only a single seller at the current price, it is impossible to know how many sellers would be in the market at higher prices.

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Two conditions allow a single seller to become a monopolist. those two conditions are that the firm...

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