In the theory of monopoly,which of the following is an exogenous variable?

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An exogenous variable is a variable that is determined outside of the economic model being analyzed. In the theory of monopoly, the technology available to the monopoly is an exogenous variable because it is typically assumed to be predetermined and outside of the control of the monopoly. The price charged by the monopoly, the level of output produced by the monopoly, and the profit earned by the monopoly are endogenous variables because they are determined within the model by the actions of the monopoly.

In the Theory of Monopoly,which of the Following Is an Exogenous