contestada

Which of the following statements is correct?
a. In the short run, the pure monopolist will maximize total profits by producing at that level of output where the difference between price and the average total cost is greatest.
b. In the short run, the pure monopolist will charge the highest price it can get for its product.
c. Because of its ability to set its own price, the pure monopolist can increase the price and increase its volume of sales simultaneously.
d. Pure monopolists do not always realize positive profits, sometimes they suffer losses.

Respuesta :

nutakordavid21

C. With pure monopolistic because it has the ability to set its own price, it can increase its volume of sales and price simultaneously.

Explanation:

This depends on the type of goods the entity is dealing in. Goods such as necessity goods, customers are inelastic about the price but when it is a luxury good there will be more requirement to it before we can change the price and volume of sales.

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