The monopolist is always constrained by:
A)the amount consumers are willing to buy at any given price.
B)high fixed costs.
C)barriers to entry.
D)government regulation.

Question

Quizplus · Accepted Answer

A monopolist's output and pricing decisions are primarily constrained by the demand curve, which reflects the amount consumers are willing to buy at any given price. Choices B, C, and D can affect a monopolist but are not constraints they are always subject to.

The Monopolist Is Always Constrained By