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Monopolist is price maker.
Monopolist is price maker.
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Solution
The correct option is A True
True. A monopoly is a price maker. In monopolist type of market there are no competitors. Having no competitors and no close substitutes enables the monopolist to influence the price in the market and hence is called as the price maker.
True. A monopoly is a price maker. In monopolist type of market there are no competitors. Having no competitors and no close substitutes enables the monopolist to influence the price in the market and hence is called as the price maker.
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