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प्रश्न
A monopolist is price maker:
पर्याय
True
False
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उत्तर
This statement is True.
Explanation:
A monopolist is a price maker because, as the only seller in the market, the monopolist has the authority to establish the price of the commodity. Because there are no competitors, the monopolist can control the price by altering the supply of the commodity.
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संबंधित प्रश्न
A seller cannot influence the market price under:
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Which type of market structure is the following? Give reason.
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What is the difference between collusive and non-collusive oligopoly?
Which statement correctly describes monopsony?
