Question

A​ single-price monopoly​ _______. A. experiences economies of scale over the relative portion of the LRAC curve B. is a price taker C. can sell a larger quantity only by setting a lower price D. is a collection of many firms that sell identical goods for the same price

Answer 1

B. is a price taker

Step-by-step explanation:

A single-price monopoly can be described as a monopolist that must sell to all its customers at the same price each unit of its product.

A single-price monopolist is different from a price-discriminating monopoly that can different unit of its output at different prices.

Therefore, a single-price monopoly is a price taker because it has no power to price discriminate.

Answer 2

C

Step-by-step explanation:

Because he can not price discriminate