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which of the following are reasons that a monopolist is considered to have market power? select all that apply. multiple select question. the monopolist exerts some control over the price. the monopolist controls the quantity supplied. the monopolist controls demand. the monopolist controls marketing.

Respuesta :

The monopolist exerts some control over the price .

Why a monopolist has market power?

A noncompetitive firm with market power, defined as the ability to set the price of a good. A monopolist is considered to be a price maker, and can set the price of the product that it sells.

How does a monopoly establish market power?

First, by denying inputs to its rivals, the excluding firm materially raises its rivals' costs. Second, by thus precluding the competitive check on its price and output decisions that those rivals provide, the excluding firm thereby gains the power to price in its output market above the competitive level.

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