Practicing Success
Practicing Success
CUET Preparation Today
| Assume a monopolist supplying a product. He now wants to increase his profits. He can do so by __________ the supply and setting ________ price. |
Restricting, low Restricting, high Increasing, high Restricting, same |
| Restricting, high |
| It is by restricting the supply of the product and fixing higher prices that a monopolist can increase his profits. |
