At the price a monopolist sets, it will sell:
A)as much as it wants.
B)as much as consumers are willing to buy.
C)more than a firm in a perfectly competitive market would sell.
D)less than the quantity demanded to encourage scarcity.

Question

Quizplus · Accepted Answer

A monopolist sets the price based on the demand curve for its product, meaning it can only sell as much as consumers are willing to buy at that price. Unlike in perfect competition, a monopolist has market power to set prices but is still constrained by consumer demand.

At the Price a Monopolist Sets, It Will Sell