At any price the monopolist sets,it will 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 will sell as many units as demanders are willing to buy at the given price. The monopolist does not have unlimited market power, and therefore cannot sell as many as it wants, nor will it necessarily sell more than a perfectly competitive market. The monopolist may choose to restrict supply to keep the item rare, but this would be a decision based on maximizing profits rather than an inherent characteristic of monopoly.

At Any Price the Monopolist Sets,it Will Sell