A producer in a monopoly will charge______price for jeans than a jeans producer in a competitive market

Question

asked Jul 24, 2017 9.9k views

1 Answer

Vinayak Bevinakatti · Answer 1 · 2017-07-30T02:21:45+0000

Higher; in a monopoly the producer can charge whatever it wants because that's the consumer's only source of that product. In a competitive market, it has to lower its price to outsell its competitors.

A producer in a monopoly will charge______price for jeans than a jeans producer in a competitive market

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions