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20-07-2022
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A single-price monopolist is a monopolist that sells each unit of its output for the same price to all its customers. In maximizing profits (or minimizing loss), a single-price monopolist will charge a price that is

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stanfordgoddy stanfordgoddy

25-07-2022

In maximizing profits (or minimizing loss), a single-price monopolist will charge a price that is greater than the marginal cost.

Who is a monopolist?

A monopolist is usually a term used to refer to a business entity that solely controls the market of a certain product or service without any competitor. In the case of a single-price monopolist, if they charge a price that is greater than marginal cost is the most viable option to maximize profit.

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