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Refer to the Diagram for a Nondiscriminating Monopolist

Question 17

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Refer to the diagram for a nondiscriminating monopolist. From society's point of view, it would be desirable to have the monopolist produce a larger output than M. Refer to the diagram for a nondiscriminating monopolist. From society's point of view, it would be desirable to have the monopolist produce a larger output than M.

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