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Suppose the market for coffee cups is a monopoly. If a consumer's willingness to pay is below the market price, then it is not possible for a mutually beneficial trade to occur.

A. True
B. False

User Lunigorn
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B. False

In a monopoly market, the monopolistic firm has control over the price and quantity of the product. If a consumer's willingness to pay is below the market price set by the monopoly, it is still possible for a mutually beneficial trade to occur. The consumer may be able to negotiate a lower price or find alternative options that better suit their budget. However, it is important to note that in a monopoly market, the monopolistic firm has more power and control over the terms of the trade compared to a perfectly competitive market.
User Huanian Zhang
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