Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / Monopolists A

Monopolists A

Marketing

Monopolists

A. face downward-sloping demand curves.

B. are price takers.

C. have no short-run fixed costs.

D. maximize revenue, not profits.

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

Monopolists A. face downward-sloping demand curves.

Monopolists can control prices and are not price takers. Thus, they face the downward-sloping demand curves. It is perfect competition that creates price takers. Monopoly can influence the price sold. Monopolists have short-run fixed costs which include investments for capital stock, such as equipment and machines. Finally, like firms in other types of markets, monopolists aim to maximize profit, not revenue.

Related Questions