As a monopolist increases the quantity of output it sells, the price consumers are willing to pay for the good:
A)increases
B)decreases
C)is unaffected
D)not enough information is given to answer this question

Question

Quizplus · Accepted Answer

As a monopolist increases the quantity of output it sells, it will move down the market demand curve. This means that in order to sell more, the monopolist will have to lower the price of the good, resulting in a decrease in the price consumers are willing to pay.

As a Monopolist Increases the Quantity of Output It Sells