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luda_lava [24]
4 years ago
11

If a monopolist raises its price:________

Business
1 answer:
kramer4 years ago
3 0

Answer:

a) the quantity demanded decreases

Explanation:

As we know that'

A monopolist creates a monopoly in the market as the firm is a sole producer for the entire market due to which it charges high prices plus it is a price taker that means it offers cheap quality products at a lesser price

But if monopolist increased its price so the quantity demanded declines as the purchasing power reduced

Therefore option a is correct

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