in 1999, a judge declared that microsoft was a monopolist. assuming that microsoft has a linear demand curve and that it is maximizing its profits at its current level of output, we may conclude that, if microsoft were to increase its price, its total revenue would:

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31-10-2022
Business

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in 1999, a judge declared that microsoft was a monopolist. assuming that microsoft has a linear demand curve and that it is maximizing its profits at its current level of output, we may conclude that, if microsoft were to increase its price, its total revenue would:

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AnkitaNagar AnkitaNagar · Answer 1 · 2022-11-03T04:19:54+01:00

In 1999, a judge declared that microsoft was a monopolist. We may conclude that if Microsoft were to increase its price, its total revenue would: fall

Who's a monopolist in economics?

A monopolist refers to an individual, batch, or company that dominates and controls the request for a precise good or service. This lack of challenger and lack of substitute goods or services means the monopolist wields enough command in the business to charge high prices.

Why monopolist is a price maker?

A monopoly is a price maker. In monopolist type of request there are no challengers. Having no challengers and no close backups enables the monopolist to impact the price in the request and hence is called as the price maker.

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