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A Monopolist is a price:
Maker
Taker
Adjuster
None of these.
- A monopolist is called a price maker.
- Here’s the thing: they’re the only seller in the market, so they set the price instead of following one.
- Option 1: Maker — This is the correct answer. Monopolists decide what price to charge.
- Option 2: Taker — This one’s about perfect competition, where firms just accept the market price.
- Option 3: Adjuster — Not really a standard term in economics. Doesn’t fit here.
- Option 4: None of these — Not needed, since “maker” is right.
So, a monopolist sets the rules on price. No one tells them what to charge—they make that call.
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