Why don't competitive industries produce at the rate of output that maximizes industry profits, as a monopolist

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Why don't competitive industries produce at the rate of output that maximizes industry profits, as a monopolist does?

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Essentials of Economics

ISBN: 978-1259235702

10th edition

Authors: Bradley Schiller, Karen Gebhardt

Question Posted: Aug 30, 2017 11:50 PM

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Why don't competitive industries produce at the rate of output that maximizes industry profits, as a monopolist

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In a competitive industry each firm acts independently to maximize it...View the full answer

Essentials of Economics

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