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A Monopolist is a price:
Maker
Taker
Adjuster
None of these.
- Option 1: Maker
A monopoly has significant control over market pricing because it is the sole provider of a product or service. Monopolists typically set prices based on potential profit maximization, acting as price makers.
- Option 2: Taker
In perfect competition, firms are price takers due to market-determined prices. This doesn’t apply to monopolies due to their control.
- Option 3: Adjuster
Adjusters refer to ability to slightly adjust to market conditions, but monopolists focus on setting the starting price.
- Option 4: None of these
Suggests none of the listed options apply, but this is incorrect for a monopolist.
Option 1: Maker (Correct Answer)
By: santosh ProfileResourcesReport error
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