A monopolist always charges the highest possible price

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Q. Some experts have suggested which of the total electricity consumed in the United States, 8 percent (%) is utilized up by the Internet. Thus an increased demand by consumers to surf the Internet wills the equilibrium price of electricity also the equilibrium quantity of electricity.

Q. Do you agree or disagree with the statement which: "A monopolist always charges the highest possible price."? Explain. b.) Why can't A person industry raise its price by reducing o/p or lower its price to increase trades volume in a purely competitive market?

Reference no: EM1323030

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