Question

describe the factors which influences determination of prices under monopoly?​

Answer 1

Answer:

Explanation: Price is determined by the demand for the goods when a certain quantity is produced. Because a monopoly's marginal revenue is always below the demand curve, the price will always be above the marginal cost at equilibrium, providing the firm with an economic profit on the price of the item.

Explanation:

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Answer 2

Answer:

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Explanation:

1. price is determined by the demand for the goods when a certain quantity is produced .Because a monopology marginal revenue is always below the demand curve , the price will always be above the marginal cost at equilibrium, provide the

firm with an economic profit on the price of item