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And when there are few suppliers, they have an incentive to dial back supply to manufacture demand. When the market is not in equilibrium, they are making the m
by CameronNemo 5y ago
And when there are few suppliers, they have an incentive to dial back supply to manufacture demand. When the market is not in equilibrium, they are making the most profit.
https://open.lib.umn.edu/principleseconomics/chapter/10-2-the-monopoly-model/ https://open.lib.umn.edu/principleseconomics/chapter/10-2-th...