What is ment by price determination under monopoly

 

It basically means how equilibrium price and quantity are determined in short-run and long-run by a monopolist. This topic has been extensively covered in the study material on our site. Follow the below link and scroll down to search for topic- Short-run Equilibrium under Monopoly.
https://www.meritnation.com/cbse/class12-commerce/studymaterial/economics/introductory-microeconomics/non-competitive-markets/338_1985_5825#slide1_Monopolist Market, Relationship between Marginal Revenue and Price Elasticity of Demand, Monopolist’s Equilibrium

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