A newspaper article in commenting on the local electric monopoly tells its readers that the company's dominant economic position as a monopolist allows it to produce whatever output level it desires and to set whatever price it wishes. Critically evaluate this position.

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The Answer of A newspaper article in commenting on the local electric monopoly tells its readers that the company's dominant economic position as a monopolist allows it to produce whatever output level it desires and to set whatever price it wishes. Critically evaluate this position.

A Newspaper Article in Commenting on the Local Electric Monopoly