A monopoly is a firm that faces a downward sloping demand, and has a choice about what price to charge - an increase in price doesn't send most or all of the customers away to rivals.
垄断是指企业面对着一条下降的需求曲线，却可以选择要价，即价格的上升不会把所有或者大部分顾客推向竞争对手。
A monopoly is a firm that faces a downward sloping demand, and has a choice about what price to charge - an increase in price doesn't send most or all of the customers away to rivals.
垄断是指企业面对着一条下降的需求曲线，却可以选择要价，即价格的上升不会把所有或者大部分顾客推向竞争对手。
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