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BritjaninasPau BritjaninasPau
  • 23-01-2017
  • Business
Answered

If this market for water were perfectly competitive instead of monopolistic, what price would be charged?

Verified Answer :

andriansp andriansp
  • 02-02-2017

if the market for water were perfectly competitive instead of monopolistic, the price that would be charged would not be able to be controlled by company, so it would be really close to the Equilibrium point.
So let's the the point is $ 120, that number will be your answer.

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