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Because a Price Setter Has Control Over Both the Level

Question 63

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Because a price setter has control over both the level of output it produces and the price it charges,it can select from a number of different combinations of output and price levels that will maximize its profits.

Because a price setter has control over both the level of output it produces and the price it charges,it can select from a number of different combinations of output and price levels that will maximize its profits.

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