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AnnyKZ [126]
2 years ago
14

A monopolist has market power because it Group of answer choices none of the Answers are Correct. Faces a downward-sloping deman

d curve for its own output. Is a price taker. Is regulated by the government. Can raise price as much as it wishes and not lose any customers.
Business
1 answer:
Ksenya-84 [330]2 years ago
6 0

A monopolist has market power because it faces a downward-sloping demand curve for its own output.

A monopolist has market power because he is a price maker and not a price taker.

  • A monopolist undergoes a downward-sloping demand curve for its own output.
  • When a firm, primarily in a monopoly, increases its market price by decreasing its output, it exerts its price-making abilities.
  • As a price maker, a monopoly will always face a downward-sloping demand curve.
  • A downward-sloping demand curve indicates that a greater quantity of a commodity would be demanded when the price is lower.
  • A monopolist has more leeway in determining the output and prices.
  • Since, a monopolist has market power, they determine the price of the commodity, facing a downward-sloping demand curve at all times.

Therefore, a monopolist has market power because it faces a downward-sloping demand curve for its own output.

Learn more about a monopoly here:

brainly.com/question/13113415

#SPJ4

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Corporate strategy correlates with achieving the highest profit margins, and ROI attracts more customers.

Strategy is the long-term plan that a business creates to achieve its desired future state. Your strategy includes your company goals, the type of product/service you want to develop, the customers you want to sell to, and the markets you want to serve profitably.

His three examples of these corporate strategies are applicable at certain times in the life of a company. Grow: Expand your business and increase your profits. Stability: To maintain continuous business operations. Renewal: To revive a declining business.

According to Porter's general strategy model, an organization has his three basic strategic options for achieving competitive advantage. These are cost leadership, differentiation and focus.

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