Maharashtra State BoardHSC Commerce 12th Board Exam
Share
Notifications

View all notifications
Advertisement

Give Reason Or Explain the Following Statement: a Monopolist Can Control the Supply of Goods . - Economics

Login
Create free account


      Forgot password?

Question

Give reason or explain the following statement:

A monopolist can control the supply of goods .

Solution

The statement is True. Reason – In monopoly market, there is a single seller or a single producer. Under monopoly, he has no rivals and he faces no competition. Entry of other firms are strictly restricted. Therefore, monopoly firm and monopoly industry is one and same. Hence, it can control the supply of goods.

  Is there an error in this question or solution?
Advertisement

APPEARS IN

 2017-2018 (March) (with solutions)
Question 2.2.2 | 2.00 marks
 2009-2010 (March) (with solutions)
Question 3.2.4 | 2.00 marks
Advertisement

Video TutorialsVIEW ALL [2]

Give Reason Or Explain the Following Statement: a Monopolist Can Control the Supply of Goods . Concept: Concept of Supply.
Advertisement
View in app×