Why is the profit-maximising price under monopoly greater than marginal cost? In what way can this be

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Why is the profit-maximising price under monopoly greater than marginal cost? In what way can this be seen as inefficient?

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Economics

ISBN: 978-0273721307

7th edition

Authors: John Sloman, Alison Wride

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Question Posted: Nov 18, 2013 09:34 AM

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Why is the profit-maximising price under monopoly greater than marginal cost? In what way can this be

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A firm in other marketing structure a monopolist can m...View the full answer

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