3 years ago

How do monopolistic market structures determine prices to charge for goods and services?

1 answer:

8 0

Answer and Explanation:

In the monopolistic market structure, there are many producers, sellers and consumers due to which the business does not have total control over the price of the market. In this market structure, there are barriers to entry and exit

As in this market structure, there are a various product that is differentiated that results in non-perfect elastic demand. Also, every firm has their own prices and products so the demand curve should be downward sloping

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3 years ago

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Therefore, the Option C is correct.