In order for a monopolist to sell more of its product, it must lower price.

Name: In order for a monopolist to sell more of its product, it must lower price.
Brand: Quizplus
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Quizplus · Accepted Answer

This is because the monopolist has complete control over the market and can set the price at any level it desires. However, if the price is too high and consumers are not willing to pay it, the monopolist will have to lower the price in order to sell more of its product.

In Order for a Monopolist to Sell More of Its