A monopolist must _____ to increase sales.
A) reduce price
B) assess the competition
C) increase demand
D) receive government subsidies

Name: A monopolist must _____ to increase sales. A) reduce price B) assess the competition C) increase demand D) receive government subsidies
Brand: Quizplus
Rating: 4.7 (38 reviews)

Question

Quizplus · Accepted Answer

To increase sales, a monopolist must reduce price because, in a monopolistic market, the firm faces a downward-sloping demand curve, meaning it can sell more only by lowering the price.

A Monopolist Must _____ to Increase Sales