At any price the monopolist sets,it can sell:
A)as many as it wants.
B)as many as demanders are willing to buy.
C)more than a perfectly competitive market would sell.
D)less than quantity demanded to keep the item rare.

Question

Quizplus · Accepted Answer

The monopolist can only sell as many units as the demanders are willing to buy at a given price. If it sets its price too high, demand will be low and it will sell fewer units. If it sets its price too low, demand will be high and it may not be able to produce enough units to satisfy all of the demand. Thus, the monopolist will set a price that maximizes its profits, given the level of demand it faces. This price may be higher or lower than what would be observed in a perfectly competitive market.

At Any Price the Monopolist Sets,it Can Sell