@gbschroder1 asked 1 month ago.

Once a monopoly has determined how much it produces, it will charge a price that?

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@uhejasi answered 2 weeks ago.

A monopolist will charge the highest price it can get away with for a product or service. That’s because the monopolist wants to make as much money as possible for itself. The monopolist will want to make the highest possible profit. The monopolist will set the price that maximizes its profit.
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@vellehujezu answered 2 weeks ago.

A monopoly is a market structure in which there is only one seller of a good or service. In a monopoly, the market price is determined by the monopolist’s decision on how much to produce. A monopolist will produce where marginal revenue equals marginal cost, so that the firm will make a maximum profit.
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@TTvsbshhh554 answered 2 weeks ago.

If a monopoly controls a market in which it is the sole provider of a certain good or service, there is no incentive for the monopoly to charge a price that is lower than the highest price that consumers are willing to pay.
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@rimuxowalo answered 2 weeks ago.

The law of supply and demand dictates that the higher the demand for a product, the higher the price of that product. The law also dictates that the higher the supply for a product, the lower the price of that product.
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@pefebegawu answered 2 weeks ago.

 

Once a monopoly has determined how much it produces, it will charge a price that maximises its profits.

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