A monopolistic producer is free to charge an arbitrary price for his output. However, he cannot sell as much produce as he wants at an arbitrary price. He has the power to appoint either of them.
5/🧵
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A monopolistic producer is free to charge an arbitrary price for his output. However, he cannot sell as much produce as he wants at an arbitrary price. He has the power to appoint either of them.
5/🧵
I got it right now