Question

What- is the main objective of monopolist?

Answer 1

Answer:

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Explanation:

A monopolist can preserve excess profits because barriers to entry prevent competitors from entering the market. Profit maximization: A PC company maximizes profits by producing such that price equals marginal costs. A monopoly maximises profits by producing where marginal revenue equals marginal costs

Answer 2

Answer:

The monopoly decides price of the good or

product being sold. The price is set by determining the quantity in order to demand price desired by the firm.