350 word add references

Why don’t competitive industries produce at the rate of output that maximizes industry profits, as a monopolist does?

What circumstances might cause a monopolist to charge less than the profit-maximizing price?
Initial post (due Wednesday) Peer Response (please respond to at least two of your peers by Sunday
Text book Managerial Economics & Business Strategy, 10th EditionBy Michael Baye and Jeff PrinceISBN 13: 9781260940541Publisher: McGraw Hil

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