Introduction to Economics 1 Deneme Sınavı Sorusu #727748

In which market structure, can a producer act as a price setter not as a price taker?


Monopoly

Oligopoly

Monopolistic competition

Duopoly

Nash Equilibrium


Yanıt Açıklaması:

Monopoly is a market structure with only one producer. Therefore, this producer will not act as a price taker but will be a price setter. The correct answer is A.

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