Why do monopolists charge the highest prices, Microeconomics

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Why do monopolists charge the highest prices

Problem

Do monopolists charge the highest prices for which they can sell their products? Do they maximize their average profit per sale? Are monopolistic firms always profitable? Why or why not?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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