Question

Monopolist situation in the market is not desirable when

Answer 1

Hi there !!!

Here's ur answer !

This means that the producer can produce anywhere along the demand curve that s/he wants, notjust at a market-determined price.

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Answer 2

In a perfectly competitive market, there are many firms, none of which is large in size. In contrast, in a monopolistic market there is only one firm, which is large in size. This one firm provides all of the market supplies.