Because of the ability to influence price, a pure monopolist can increase price and increase volume of sales simultaneously.

Name: Because of the ability to influence price, a pure monopolist can increase price and increase volume of sales simultaneously.
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Question

Quizplus · Accepted Answer

A pure monopolist, due to its market power, can set prices but faces a downward-sloping demand curve, meaning if they increase prices, the quantity demanded typically decreases, not increases.

Because of the Ability to Influence Price, a Pure Monopolist