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  • 03-02-2020
  • Social Studies
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Why do you think a monopolist is called a price maker

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raphaelford343
raphaelford343 raphaelford343
  • 03-02-2020

Answer: simply because the absence of competition from other firms frees the monopoly firm from having to adjust the prices it charges downward in response to the competition. ... Absent that competitive atmosphere, a sole provider can set the price he or she wants

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