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Why would a monopolist not charge the highest price possible? Include appropriate terminology that supports your...

Why would a monopolist not charge the highest price possible? Include appropriate terminology that supports your reasoning
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Yes it is true that monopoly  cannot charge the price that it want because it follows the demand curve .

demand curve is inverse in nature .

so if Monopoly charges higher price then its quantity demand will decrease 1 unit or no unit .

Monopoly main motto is to maximize profit not to charge high price and it maximize profit where marginal revenue equal to marginal cost

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