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Mathematics 14 Online
OpenStudy (anonymous):

What rule does the monopolist follow when choosing the level of output that will maximize its profits? **not sure what this would be? thank you!! :)

OpenStudy (dumbcow):

here you go :) https://en.wikipedia.org/wiki/Monopoly#The_inverse_elasticity_rule

OpenStudy (anonymous):

ahh okay yay!! thank you :)

OpenStudy (dumbcow):

yw

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