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Supply Analysis in Monopoly
A monopolist’s supply analysis is based on the firm’s cost structure.
The profit-maximizing level of output occurs where MR = MC.
Supply Analysis in Oligopoly Market:that maximizes profit is where MR = MC.
Supply Analysis in Monopoly:where MR = MC.
Supply Analysis in Monopolistic Competition:there is no well-defined supply function.
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2020-05-18
2020-05-15
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