In the two-period dynamic monopoly, if the monopolist succeeds in selling a sufficiently high quantity in the first period,A)the

Question

3 years ago

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In the two-period dynamic monopoly, if the monopolist succeeds in selling a sufficiently high quantity in the first period,A)the

second-period demand curve will become horizontal.B)the second-period demand curve will become unit elastic.C)the second-period demand curve will lie close to the price axis.D)the second-period demand curve will shift substantially to the right.

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1 answer:

Anton [14] · Answer 1 · 2022-01-03T22:05:57+03:00

Anton [14]3 years ago

3 0

Answer:

D)the second-period demand curve will shift substantially to the right.

Explanation:

If monopolist succeeds in selling a sufficiently high quantity in the first period, then in the second period it will further increase and will shift the demand curve to right hand.