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Estimating the monopoly market equilibrium

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Show the effect of each on the monopoly market equilibrium; you don't need to have exact answers but explain the direction of change in the demand and/or marginal cost curves.

1. Carrots prices rise.

2. There is blight, and carrots are in short supply at higher prices.

3. Quality of products reduced.

4. Quality of products enhanced.

Reference no: EM131277988

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