Because a monopolist is the sole producer in its market, it can necessarily alter the price of its good i) without affecting the quantity sold.
Ii) without affecting its average total cost.
Iii) by adjusting the quantity it supplies to the market.
A) ii) only
B) iii) only
C) i) and ii) only
D) ii) and iii) only

Question

Quizplus · Accepted Answer

A monopolist can alter the price by adjusting the quantity it supplies to the market, but changing the price will affect the quantity sold and its average total cost.

Because a Monopolist Is the Sole Producer in Its Market