In a monopoly firms are called "price makers" because

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In a monopoly market structure, there is only one firm that controls the production and supply of a particular product or service. Due to the lack of competition, the firm has the power to affect the market price by adjusting the quantity supplied. Thus, the firm is referred to as a "price maker" as it has the ability to set the price above the competitive market levels to maximize profits.

In a Monopoly Firms Are Called "Price Makers" Because