A monopolist can determine :

March 5, 2024 by rawan239

market power and can set prices without fear of competition. They can also choose how much output to produce. This gives them a lot of control over the market and can lead to higher prices and lower output for consumers.

Option (b) is incorrect because a monopolist can determine price. Option (c) is incorrect because a monopolist can determine output. Option (d) is incorrect because a monopolist can determine both price and output.