Question

Monopolists do not worry about efficient production and minimizing costs since they can just pass along any increase in costs to their consumers. this statement is

Answer 1

A monopolist is a man, gathering or association with an imposing business model. At the end of the day, an individual or organization that controls the greater part of the business sectors for a specific decent or administration. The statement above is false; cost increments will mean fewer deals, and lower expenses will mean higher benefits.