Asked by Anonymous

Expain the profit maximation codition of plant monoplist

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Answered by bobpursley
I am uncertain exactly what you are driving to: If a series of plants, producing the same product have a monopoly, the profit maximization of each plant will reach equilibrium depending on each plants cost conditions. In that, the profit per item of each plant will be different (prices are the same, costs different), and each plant will be producing to maximize profits within costs and production capacity.
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