Question

To find the price, a monopolist looks at the price _____ at the chosen quantity. supplied demanded in equilibrium

Answer 1

To find the price, a monopolist looks at the price demanded at the chosen quantity.Monopolist tend already obtained a complete control on a certain type of product in the market. Because of this, in order to seek a price for their product, they just need to see how much customers are able to pay without considering other factors such as competitors and cash reserves

Answer 2

To find the price, a monopolist looks at the price demanded at the chosen quantity. A monopolist's goal is to maximize profits. A monopoly exists when a single seller provides a good or service. Demand is a relationship between the price of a good and the quantity that consumers are willing and able to buy per period, other things constant.