An economist observes that a monopolist does not take full advantage of its market power. She concludes that there must be some rational reason for this behavior that she has not yet discovered. This economist is most likely to be a(n):

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Traditional economists assume that firms, including monopolists, act rationally to maximize profits. If a monopolist is not fully exploiting its market power, a traditional economist would seek a rational explanation for this behavior.

An Economist Observes That a Monopolist Does Not Take Full