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Other Things Being Equal, the Behavior of a Monopolist Differs

Question 311

Multiple Choice

Other things being equal, the behavior of a monopolist differs from that of a competitive industry in that


A) the monopolist does not attempt to maximize economic profit.
B) the monopolist hires more labor.
C) the monopolist restricts output and hires less labor.
D) the monopolist must consider fixed costs in deciding the optimal level of output to produce in the short run.

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