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2) Describe how does a monopoly firm attain equilibrium. |
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Answer» Ans :- Amonopolist isin equilibriumwhen he produces that amount of output which yields him maximizing total profit price andequilibriumoutput under monopoly areexplained using two different approaches: Total revenue and total cost curve approach. Marginal revenue and marginal cost approach. PLEASE LIKE AND SHARE THIS APP |
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