A monopolist is able to choose whatever price that it wishes and is only constrained by its greed.

Name: A monopolist is able to choose whatever price that it wishes and is only constrained by its greed.
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

A monopolist is able to choose whatever price that it wishes and is only constrained by its greed.
​

Quizplus · Accepted Answer

While a monopolist does have significant control over its pricing due to the lack of competition, its pricing decisions are constrained by market demand and consumer willingness to pay, not just its own greed. Setting a price too high could reduce sales volume significantly.

A Monopolist Is Able to Choose Whatever Price That It