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प्रश्न
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
विकल्प
True
False
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उत्तर
This statement is True.
Explanation:
A monopolist faces a downward-sloping demand curve, which means in order to boost sales, the monopolist must lower the price. This is because, in a monopoly, the firm is the only source of the goods, and if it wants to sell more, it must lower the price to attract more buyers, as it cannot sell an unlimited number at a high price.
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संबंधित प्रश्न
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
Which one of the following is NOT found in a perfectly competition market?
Mention two features of monopoly.
Why is there no need for selling cost under perfect competition?
In which form of market is the seller a price taker? Justify your answer.
State the market form of the following commodity.
Railways
What is the effect on price when a perfectly competitive firm tries to sell more?
In what respects does oligopoly differ from monopoly?
Identify the market form from the following.
Perfect knowledge
Which of the following is an example of a perfectly competitive market?
