Ask Question
BusinessBusiness
23 April, 19:46

In order to sell more of its product, a monopolist must a. sell to the government. b. sell in international markets. c. lower its price. d. use its market power to force up the price of complementary products.

+5
Answers (1)
  1. 23 April, 19:59
    0
    Answer: The correct answer is "c. lower its price."

    Explanation: In this type of market, the monopoly company can determine the market price or the amount of production that maximizes its profits, but cannot determine the price or quantity at the same time, because, for example, if the company defines the price of sale, the demand will be the one that indicates the magnitude of the quantity to buy. But if the monopolist determines the quantity, the demand will determine the price at which it wishes to be acquired. In any case, the election of the monopolist is limited by market demand.

    The price may go down if the monopolist tries to sell more.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In order to sell more of its product, a monopolist must a. sell to the government. b. sell in international markets. c. lower its price. d. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Pool Line is the manufacturer of a pool cleaning system that has been called by the pool construction industry, "the miracle we have waited a lifetime for." The cleaning system is very effective and recommended by all consumer magazines.
Answers (1)
If a taxpayer's pension or annuity includes contributions that were previously included in gross income, the taxpayer may generally:
Answers (1)
A company that has no money to spend on marketing would probably be best advised to try their luck, at least initially, with what form of promotion? question 15 options: a. advertising b. personal selling c. sales promotion d. publicity e.
Answers (1)
Techincal analysis of stock market focuses on which of the following
Answers (1)
An advantage of doing company research before an interview is: a. It improves the applicant's ability to market their skills b. It can increase the confidence of the applicant c. It can compensate for a lack of experience d. All of the above
Answers (1)
New Questions in Business
If businesses follow regulations, financial disasters are far less likely. A. True B. False
Answers (1)
What is the amount of Justin and Jenna's earned income tax credit reported in the payments section on page 2 of their tax return?
Answers (1)
What is a master budget? What are some of the underlying budgets that form the master budget? What is the budgeting process at your organization? Is it effective? Why or why not?
Answers (1)
Determine the total allowable 2017 earned income credit in each of the following situations: a. Rina is single and earns $6,800 in salary for the year. In addition, she receives $2,200 in unemployment compensation during the year. b.
Answers (1)
Indicate whether each of the following creates a demand for or a supply of European euros in foreign exchange markets:
Answers (1)
Home » Business » In order to sell more of its product, a monopolist must a. sell to the government. b. sell in international markets. c. lower its price. d. use its market power to force up the price of complementary products.
Sign Up Forgot Password?