Question

"A monopolist will never sell its products at a price less than the average total cost." True or False? Give Reasons.​

Answer 1

Answer:

False: A monopolist cannot sell any quantity he likes at a price. 1. A monopolist faces a downward sloping demand curve because of price discrimination which means that a monopolist can sell more quantity only by lowering the price.

Explanation:

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Answer 2

Answer:

Answer: False: A monopolist cannot sell any quantity he likes at a price. 1. A monopolist faces a downward sloping demand curve because of price discrimination which means that a monopolist can sell more quantity only by lowering the price.

Explanation:

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