A monopolist is forced to lower its price in order to sell another unit of its product. This describes the problem of persistent economic profits market power diseconomies of scale economies of scale market discrimination..

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter9: Monopoly
Section: Chapter Questions
Problem 15SQ
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A monopolist is forced to lower its price in order to sell another unit of its product. This describes the problem of

persistent economic profits

market power

diseconomies of scale

economies of scale

market discrimination..

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