For a monopolist to sell more units of output

A) the price must be increased.
B) the price must be reduced.
C) demand must become more elastic.
D) the other competing firms must sell fewer units.

Question

For a monopolist to sell more units of outputA)  the price must be increased.B)  the price must be reduced.C)  demand must become more elastic.D)  the other competing firms must sell fewer units.

Shivam Dhall · Accepted Answer

Final Answer : B, Explanation :  To sell more units of output, a monopolist must reduce the price, as per the downward-sloping demand curve they face. This is because, in a monopoly, the firm is the sole provider of the product or service, and demand is typically inversely related to price.

For a monopolist to sell more units of output

A) the price must be increased.
B) the price must be reduced.
C) demand must become more elastic.
D) the other competing firms must sell fewer units.

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