A monopoly A. doesn't lose any sales when it raises its price. B. must have a patent to protect its products. C. produces the market output. D. is a price taker.
A. doesn't lose any sales when it raises its price
Explanation:
As monopoly is ruled by one set of prices and they are price makers thus even f the prices rise the price will be set above the marginal cost to maximize the profits. Thus a monopoly does not lose its market share as it acts as a single dominating factor in the supply and trade of the goods and services. And it stipulates the financial dealing through a single seller.
