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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a The person posting the question is using the term price maker to describe a situation where a mono...View the full answer
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