Question

Monopoly market is a price maker give your answer with reason?

Answer 1

As it is the only firm selling its good in the market. No other firm is allowed to supply as then it will change to duopoly. Therefore,they are free and allowed to make their own prices because they don't have a competition and are sole producer.

Answer 2

Monopoly is a market form who supply whole share of market supply. Since he is only the producer in the market so he can hoard the supply or restrict the suppy to increase market price and earn high profit although he have full power to influence the basic price, he further use the policy of price discrimination, mean charging different prices from different people.
He further demand high price from rich and demand lower price from poor for his product. So he have all control to market supply he is called the price maker for the commodity in the market