"A monopolist can charge whatever price it wishes because it is the only firm in the market,therefore it will set the highest price it can charge." Evaluate this statement.

Question

Quizplus · Accepted Answer

The Answer of "A monopolist can charge whatever price it wishes because it is the only firm in the market,therefore it will set the highest price it can charge." Evaluate this statement.

"A Monopolist Can Charge Whatever Price It Wishes Because It