Giving reasons, state whether the following statement is true or false – InterviewSolution

1.	Giving reasons, state whether the following statement is true or false:A monopolist can fix both, the price of his product and the quantity to be sold at that price.
Answer» True. Under monopoly firms is price maker. At that price the producer can sell the quantity which permits him. Therefore, for every price there is a quantity and for every quantity there is a price.

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