Suppose the demand curve for corn is Q(p) 10 p. Suppose that
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Suppose the demand curve for corn is Q(p) 10 p. Suppose that one firm owns all five units of corn in the world and has z
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Suppose the demand curve for corn is Q(p) 10 p. Suppose that one firm owns all five units of corn in the world and has zero marginal cost. Does a monopoly sell less output than would be sold in a competitive market in which 100 firms each own 0.05 units?
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