A monopolist is a price searcher because it has the ability to select the price along its demand curve of its product.

Name: A monopolist is a price searcher because it has the ability to select the price along its demand curve of its product.
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Question

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A monopolist has market power, which allows it to search for the price that maximizes its profits. It can choose a price anywhere along its demand curve, rather than being constrained by a perfectly competitive market price.

A Monopolist Is a Price Searcher Because It Has the Ability