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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 seller cannot influence the market price under:
Which one of the following is NOT found in a perfectly competition market?
Give an example of monopsony.
State two important characteristics of monopoly.
Why is there no need for selling cost under perfect competition?
Which type of market structure is the following? Give reason.
Mobile phone services
What is the effect on price when a perfectly competitive firm tries to sell more?
What does perfectly elastic demand curve faced by a competitive firm indicate?
In what respects does oligopoly differ from monopoly?
Which statement correctly describes monopsony?
