One of the characteristics of a monopolist is that, he can influence
ECONOMICS
JAMB 2014
One of the characteristics of a monopolist is that, he can influence
- A. quantity produced by other producers
- B. prices charged by other producers
- C. both price and quantity
- D. price or quantity
Correct Answer: C. both price and quantity
Explanation
Monopoly characteristics include profit maximizer, price maker, high barriers to entry, single seller, and price discrimination
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