If a monopoly desires to raise its profits,it can simply raise the price it charges.

Question

Quizplus · Accepted Answer

While a monopoly has significant control over its prices due to lack of competition, simply raising prices does not guarantee higher profits. This is because demand may decrease as prices increase, potentially lowering overall revenue. Additionally, there are practical and regulatory limits to how much a monopoly can raise prices.

If a Monopoly Desires to Raise Its Profits,it Can Simply