EditedBean EditedBean
  • 28-03-2022
  • Business
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Why is the monopolist is a price maker?

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EverleighAdair
EverleighAdair EverleighAdair
  • 28-03-2022

Answer:

✒️Answer:

A monopoly firm is a price-maker simply because the absence of competition from other firms frees the monopoly firm from having to adjust the prices it charges downward in response to the competition. ... Absent that competitive atmosphere, a sole provider can set the price he or she wants.

Explanation:

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