A single-price monopolist is a monopolist that sells each unit of its output for the same price to all its customers. In maximiz

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Nostrana [21]

2 years ago

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A single-price monopolist is a monopolist that sells each unit of its output for the same price to all its customers. In maximiz

ing profits (or minimizing loss), a single-price monopolist will charge a price that is

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1 answer:

topjm [15] · Answer 1 · 2023-08-04T13:55:34+03:00

In maximizing profits (or minimizing loss), a single-price monopolist will charge a price that is greater than the marginal cost.

<h3>Who is a monopolist?</h3>

A monopolist is usually a term used to refer to a business entity that solely controls the market of a certain product or service without any competitor. In the case of a single-price monopolist, if they charge a price that is greater than marginal cost is the most viable option to maximize profit.

You can learn more about a monopolist here brainly.com/question/13113415

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