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Boundless Economics
Monopoly
Monopoly Production and Pricing Decisions and Profit Outcome
Economics Textbooks Boundless Economics Monopoly Monopoly Production and Pricing Decisions and Profit Outcome
Economics Textbooks Boundless Economics Monopoly
Economics Textbooks Boundless Economics
Economics Textbooks
Economics
Concept Version 7
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Monopoly Price and Profit

Monopoly Pricing

Monopoly Pricing

Monopolies create prices that are higher, and output that is lower, than perfectly competitive firms. This causes economic inefficiency.

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Related Terms

  • economic profit
  • demand
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