One of the characteristics of a monopolist is that, he can influence

a

quantity produced by other producers

b

prices charged by other producers

c

both price and quantity

d

price or quantity

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Explanation

Correct Option
c

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Discussions (8)

Brainpill
10 years ago

The selected answer is wrong!

The correct answer is D

A monopolist can only influence either price or quantity and he can never influence both...

Omotroyz
9 years ago

Answer D. A monopolist cannot influence both price and quantity at the same time. He can only influence either of them at a time.

Dwise12
8 years ago

Yes D is rit consult basic economics pg 270

Azojipeter
9 years ago

The selected answer is wrong:

The correct answer is D..A monopolist cannot influence both price and quantity..A monopolist can only influence either price or quantity

Ant1234
5 years ago

The answer is wrong. A monopolist can't influence both

My school, there has been a lot of errors in the answers to Economics past questions till date, please look into it

colikstan
3 years ago

Monopolist can't influence both only one of two

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