Question

what do you mean by emergence of monopoly power​

Answer 1

Answer:

So, a monopolist has full freedom and power to fix price for the product. However, demand of the product is not in the control of monopoly firm. ... Demand rises to OQ1 if the price is reduced to OP1. So, demand curve under monopoly is negatively sloped as more quantity can be sold only at a lower price.

Answer 2

Answer:

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Explanation:

Monopolist has full freedom and power to fix price for the product. However, demand of the product is not in the control of monopoly firm. Demand rises to OQ1 if the price is reduced to OP1. So, demand curve under monopoly is negatively sloped as more quantity can be sold only at a lower price.