Monopolists can achieve any level of profit they desire because they have unlimited market power.

Name: Monopolists can achieve any level of profit they desire because they have unlimited market power.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Monopolists are constrained by demand for their product; they cannot set prices beyond what consumers are willing to pay, and their profits are also limited by costs and potential regulatory interventions.

Monopolists Can Achieve Any Level of Profit They Desire Because