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Robert Phillips
on Nov 16, 2024

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A monopolist's supply curve is horizontal.

Monopolist's Supply

The quantity of goods or services a monopolist chooses to produce and sell, influenced by its market power to set prices.

Horizontal

In economics, horizontal can refer to a market situation where there are many competitors in the industry, but they all offer a similar product or service.

  • Comprehend the principle of a monopolist's supply curve and its consequences.
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Alhassan Abdul-MananNov 23, 2024
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