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

Question

Quizplus · Accepted Answer

As a monopolist increases the quantity of output it sells, the overall market supply increases, which in turn decreases the price. Therefore, the price consumers are willing to pay for the good decreases.

As a Monopolist Increases the Quantity of Output It Sells