How do monopolies finds their price charge if maximized profits?

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Storystork · Answer

Monopolies maximize profit by:Producing the quantity where marginal revenue (MR) = marginal cost (MC)Then, setting the highest price consumers are willing to pay for that quantityThis price is found using the demand curve

Answered by Storystork | 2025-05-20

How do monopolies finds their price charge if maximized profits?

Answer (1)

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