A profit maximizing monopolist is earning a positive, Business Economics

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A profit maximizing monopolist is earning a positive

A profit maximizing monopolist is earning a positive economic profit. The wage it pays its workers rises. How will the firm's choice of price and quantity change in response to the wage increase? Assume that the monopolist is still earning a positive profit after the wage increase. Explain and use a diagram.

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Business Economics: A profit maximizing monopolist is earning a positive

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