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Angelina_Jolie [31]
2 years ago
15

Because of the perceived downward sloping nature of a monopolist’s demand curve, the monopolist will charge a relatively low pri

ce at ________.
Business
1 answer:
Citrus2011 [14]2 years ago
4 0

Because of the perceived downward sloping nature of a monopolist’s demand curve, the monopolist will charge a relatively low price at a<u> high level of output.</u>

<h3>What is demand curve?</h3>

Demand curve can be defined as a curve that help to show the relationship between the quantity of a product that is demanded and the price of the product at a specific period of time.

Hence, , the monopolist will charge a relatively low price at a high level of output based on the fact that in a situation where monopolist increases its output, he will tend to get a price.

Learn more about demand curve here:brainly.com/question/17166820

brainly.com/question/516635

#SPJ1

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