Do you agree with these statements? Why or why not? give reasonings with your answers
1.The pure monopolist seeks the output that will yield the greatest per-unit profit?
2.) Because they can control product price, monopolists are always assured of profitable production by simply charging the highest price consumers will pay.
3)If a monopoly firm finds a way of producing a good at lower cost, it will not lower its price. Because it is a monopolist, it will keep the price and the quantity the same and just increase its profit.