If a company has monopoly power in market, it means the company call do all of the following without fear of competition?

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asked Oct 15, 2022 188k views

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XPav · Answer 1 · 2022-10-18T14:43:51+0000

If a company has monopoly power in a market, it means the company can do all of the following without fear of competition EXCEPT: reduce output. This answer has been confirmed as correct and helpful.

Answer: reduce output.

If a company has monopoly power in market, it means the company call do all of the following without fear of competition?

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