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If the industry were served by a pure monopoly, the profit-maximizing price and quantity of output would be P3, Q1.
A marketplace shape is characterized by a single vendor, promoting a completely unique product inside the marketplace. In a monopoly marketplace, the vendor faces no competition, as he's the only seller of goods and does not use a close alternative.
you could handiest construct when you personal all homes in a shade group. constructing should be the same on all properties in a set. you could area an unmarried building on unmarried belongings, but you may no longer area buildings on one property until all other properties within the organization have one constructing gift (even construct rule).
A monopoly is a company that is the sole dealer of its product, and in which there are no near substitutes. An unregulated monopoly has market energy and might influence charges. Examples: Microsoft and home windows, DeBeers and diamonds, your local herbal gas organization.
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