Because a Monopolist Is the Sole Producer in Its Market

question 625

Multiple Choice

Because a monopolist is the sole producer in its market, it can necessarily alter the price of its good (i)
Without affecting the quantity sold.(ii)
Without affecting its average total cost.
(iii)
By adjusting the quantity it supplies to the market.

• A)(ii) only
• B)(iii) only
• C)(i) and (ii) only
• D)(ii) and (iii) only

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