1.

Can a monopolist simultaneously control both quantity and price of the goods?

Answer»

A monopolist can not determine the price of his product and the demand quantity simultaneously. At a particular point of time he can either determine price or his sold quantity. If he fixes the price, he will adjust his supply as per the demand from consumer side and contrary to it, if he wants to predetermined his supply level (i.e., sold quantity) he has to sell at the price were his supply matches the demand from consumer side.



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