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Economics 12th Edition by William Baumol, Alan S Blinder
Edition 12ISBN: 978-0538453691Economics 12th Edition by William Baumol, Alan S Blinder
Edition 12ISBN: 978-0538453691 Exercise 4
Use Figure 2 to show that Adam Smith was wrong when he claimed that a monopoly would always charge "the highest price which can be got."
Explanation
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A monopolist can maximize its profit by ...
Economics 12th Edition by William Baumol, Alan S Blinder
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