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Assignment in Micro economics - Essay Example

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Undergraduate
Author : aric32
Essay
Macro & Microeconomics
Pages 6 (1506 words)

Summary

Since this firm has the entire market for the particular latest fashion, then it is operating as a monopolist and are therefore, price makers or price setters (Mohr & Seymore, 2012s). For a monopolist, for profit maximization, MR = MC (Krugman & Wells, 2005). Therefore,
a) I…

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Assignment in Micro economics

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