Quora.com is a website where people post questions and users suggest answers. One user posted the following

Question:

Quora.com is a website where people post questions and users suggest answers. One user posted the following question: “If monopolies are price makers, why don’t they charge an infinite price?”
a. What does the person posting the question mean by a “price maker”?
b. Provide an answer to this person’s question.

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Related Book For  book-img-for-question

Microeconomics

ISBN: 9780135952955

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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