Due to its higher price than marginal revenue and the fact that its demand curve is above that of its marginal revenue curve, the single-price monopolist produces where the cost of goods is higher than the price.
What is the significance of single-price monopolist?
A monopolist must decide between increasing prices or increasing sales. The monopolist must move the price in order to sell more product.
A company with a single price monopoly is necessitated to charge all of its consumers the same amount for each unit of product it creates.
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