Firms producing different products have some ability to set, Macroeconomics

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Firms producing different products have some ability to set

Question: Firms producing different products have (some) ability to set prices for their products. What are some factors which allow firms to attain these monopoly profits (sometimes called monopoly power or monopoly rents)? How does the elasticity of demand affect where they set their price?

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Macroeconomics: Firms producing different products have some ability to set

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Macroeconomics: Firms producing different products have some ability to set

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