A monopolist can fix both , the price of the price of his product and the quantity to be sold - Economics - Non-Competitive Markets

Question

A monopolist can fix both , the price of the price of his product
and the quantity to be sold at that price true or False ( Delhi
Set- 1,2,3 Comptt 2012)Please give ans as per marking scheme of
that year

Mehak Garg · Accepted Answer

Dear student
The statement is false because A monopolist can fix only the price
of the product However, it cannot fix the quantity sold The
quantity sold depends on on the buyers that what quantity of output
they want to purchase at the price fixed by the
monopolist

A monopolist can fix both , the price of the price of his product and the quantity to be sold at that price. true or False.( Delhi Set- 1,2,3 Comptt. 2012)Please give ans as per marking scheme of that year.