The price a monopolist charges

0 votes
    Is much higher than the value the buyer places on the good.
    must be paid by consumers as they have no alternative firm from which they can purchase the good or service.
    is determined by the quantity produced and the market demand curve.
    Both 1 and 2.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

0 votes
is determined by the quantity produced and the market demand curve.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



...