In the presence of positive production externalities, a monopolist might produce the efficient output level.
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Q1: First degree price discrimination is efficient and
Q3: The more profit a monopolist makes, the
Q4: In the absence of recurring fixed costs,
Q5: When perfect price discrimination comes in the
Q6: Unlike perfectly competitive firms, monopolists produce where
Q7: Suppose a monopolist produces a positive level
Q8: Low demand consumers are indifferent between second
Q9: A (non-price discriminating) monopolist with zero marginal
Q10: The more consumer surplus is generated in
Q11: If a monopolist has no marginal costs
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