Why is it impossible for a profit-maximizing monopolist to choose any price and any quantity it wishes?

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Microeconomics A Contemporary Introduction

ISBN: 978-1111415921

9th edition

Authors: William A. McEachern

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Question Posted: Dec 12, 2015 05:23 AM

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Why is it impossible for a profit-maximizing monopolist to choose any price and any quantity it wishes?

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This is impossible because the monopolist cannot control the dema...View the full answer

Microeconomics A Contemporary Introduction

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