A monopolist is able to choose whatever price that it wishes and is only constrained by its greed.

Question

A monopolist is able to choose whatever price that it wishes and is only constrained by its greed.​

Jessie Peters · Accepted Answer

Final Answer : False, Explanation :  While a monopolist does have significant control over its pricing due to the lack of competition, its pricing decisions are constrained by market demand and consumer willingness to pay, not just its own greed. Setting a price too high could reduce sales volume significantly.

A monopolist is able to choose whatever price that it wishes and is only constrained by its greed.

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A monopolist is able to choose whatever price that it wishes and is only constrained by its greed.​

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Learning Objectives

Learning Objectives

Related questions

A monopolist is able to choose whatever price that it wishes and is only constrained by its greed.