Give reasons or explain. A monopolist can control the supply of good

1.	Give reasons or explain. A monopolist can control the supply of goods.
Answer» The statement is True. Reason – In monopoly market, there is a single seller or a single producer. Under monopoly, he has no rivals and he faces no competition. Entry of other firms are strictly restricted. Therefore, monopoly firm and monopoly industry is one and same. Hence, it can control the supply of goods.

Give reasons or explain. A monopolist can control the supply of goods.

Answer»

The statement is True.

Reason – In monopoly market, there is a single seller or a single producer. Under monopoly, he has no rivals and he faces no competition. Entry of other firms are strictly restricted. Therefore, monopoly firm and monopoly industry is one and same. Hence, it can control the supply of goods.

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Give reasons or explain. A monopolist can control the supply of goods.

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