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29 October, 08:50

What is the extra amount that Mary would pay for apples under a monopoly instead of a perfect competition

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  1. 29 October, 10:50
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    There is not an absolute amount that she'd have to pay. However, it is very likely that she would pay more under a monopoly, due to the fact that the monopoly would control all apple sales. When a monopoly rules the sales and has no competition, the monopoly can regulate the prices.
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