ogtreee ogtreee

22-03-2016
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A producer in a monopoly will charge______price for jeans than a jeans producer in a competitive market

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DieWalkure DieWalkure

22-03-2016

Higher; in a monopoly the producer can charge whatever it wants because that's the consumer's only source of that product. In a competitive market, it has to lower its price to outsell its competitors.

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