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Explain Price and Output Determination under short period and long period using with diagram's (Under Monopoly).
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written 3.5 years ago by
prajapatijaimin
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Solution:
Price and Output Determination under short period((Under Monopoly):
Under a monopoly market structure, a monopolist can make a change in the level of production with making a change in scale of production or with intensive use of the productive technique keeping in view the time factor which enables the …
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