Question

A monopolist is a _______________ and a monopolistic competitor is ______________________. Group of answer choices price searcher; also a price searcher price taker; a price searcher price taker; also a price taker price searcher; a price taker

Answer 1

Answer:

The correct answer is a) price searcher; also a price searcher.

Explanation:

In the market there are situations known as monopoly where a person or a group of people have control in the market, these people are known as monopolists, and they usually have power in a specific market.

The monopolists are characterized by the dominance of the price and of the products to put it in a market for their potential clients, these are the ones in charge of putting their prices on the products to be competitors before the competition. Likewise, there is a monopoly competitor, who also seeks the best prices to help them be competitive in the market, many monopolists compete with similar products and different prices.

I hope this information can help you.