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14 January, 19:41

A monopoly A. doesn't lose any sales when it raises its price. B. must have a patent to protect its products. C. produces the market output. D. is a price taker.

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  1. 14 January, 21:04
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    A. doesn't lose any sales when it raises its price

    Explanation:

    As monopoly is ruled by one set of prices and they are price makers thus even f the prices rise the price will be set above the marginal cost to maximize the profits. Thus a monopoly does not lose its market share as it acts as a single dominating factor in the supply and trade of the goods and services. And it stipulates the financial dealing through a single seller.
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Home » Business » A monopoly A. doesn't lose any sales when it raises its price. B. must have a patent to protect its products. C. produces the market output. D. is a price taker.
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