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A FIRM IN A COMPETITIVE MARKET MODEL TENDS

Question # 00580091
Subject: Economics
Due on: 08/29/2017
Posted On: 08/29/2017 07:14 AM

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Competitive Market vs. Monopolisitc Pricing

A FIRM IN A COMPETITIVE MARKET MODEL TENDS TO MAKE ZERO ECONOMIC PROFITS WHEN CHARGING A PROFIT MAXIMIZING PRICE AND A MONOPOLIST HAS NO LIMIT TO THE AMOUNT OF PROFITS THAT CAN BE EARNED WHEN THEY CHARGE THE PROFIT MAXIMIZING PRICE.

WHY IS THAT?

Tags tends model market competitive firm maximizing profits competitive market monopolist price hasno earned pricewhy theprofit charge limit charging firm pricinga monopolisitc model tends zeroeconomic make profit

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A FIRM IN A COMPETITIVE MARKET MODEL TENDS

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Posted On: 08/29/2017 07:15 AM
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