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MONOPOLY (price discrimination😱 (different prices to different customers,…
MONOPOLY (price discrimination😱, monopolies in malaysia😊, "outlawed monopoly by islamic jurists.", government creates a monopoly, formula, antitrust law✅, the fundamental cause monopoly is barriers to entry🚫., faces a downward-sloping demand curve↘, consider a monopoly, effects of price discrimination🤔, natural monopoly, maximizes profit ➡producing the quantity
, price maker💸, monopolist's marginal revenue always lower than price, The fundamental cause of monopoly is barriers to entry., P > MR = MC, Government can do nothing at all if the market failure is deemed small compared to the imperfections of public policies.
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