Since there are no close substitutes for the monopoly's product, the monopoly can charge any price it wishes
Indicate whether the statement is true or false
False. The monopoly is still constrained by the demand curve, which reflects the price that people are willing to pay for the quantity produced.
Economics
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Keynesians believe a change in the money supply cannot lower the unemployment rate.
a. true b. false
Economics
The short-run aggregate supply curve is a relationship between
A) real GDP and price level. B) capital goods and consumer goods. C) unemployment and real GDP. D) inflation and time.
Economics