A monopolist can fix both, the price of product and the quantity to be sold at that price. True or false. Give reason.

A monopolist can fix both, the price of product and the quantity to be

1.	A monopolist can fix both, the price of product and the quantity to be sold at that price. True or false. Give reason.
Answer» SOLUTION :False.A monopolist can FIX either or the QUANTITY. If he fixes the price, the quantity will be determined by the market. Ifhe fixes the quantity, the price will be determined by the market.