The non discriminating pure monopolist must decrease price, Ask an Expert

Economics

The non discriminating pure monopolist must decrease price on all units of a product sold in order to sell more units. This explains why

There are barriers to entry in pure monopoly.

A monopoly has a perfectly elastic demand curve.

Marginal revenue is less than average revenue.

Total revenues are greater than total costs at the profit-maximizing level of output.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91234471

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