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AP Microeconomics
Unit 4 โ Imperfect Competition
Topic 4.2
Unit 4 โ Imperfect Competition
โ
4.2 Monopolies
โ
mixed difficulty
Gorilla Inc.
sells an AI headset product in a monopoly market.
What is true about this company?
Price equal marginal revenue
There no barrier to this market.
There is a single firm selling a product with no close substitutes.
Firm earn economic profits.
Study guides (1)
AP Microeconomics - 4.2 Monopolies
Key terms
AI Headset Product
Gorilla Inc.
Monopoly Market
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