Which of the following is an impossible feat for a monopolist to accomplish?
A)control of the price of its good
B)maximisation of its profit
C)operation at any point on the demand curve
D)charging a higher price and continuing to sell the same quantity

Question

Quizplus · Accepted Answer

A monopolist cannot charge a higher price and continue to sell the same quantity because as a monopolist increases its price, the quantity demanded decreases. Therefore, if it charges a higher price, it will have to sell a lower quantity to maximize its profit.

Which of the Following Is an Impossible Feat for a Monopolist