76 331
Assignments Done
Successfully Done
In May 2019

Answer to Question #70196 in Macroeconomics for Baby

Question #70196
Lonewolf Ltd is the sole manufacturer and supplier of solar panels in the country. As a result of this the CEO claimed in a recent meeting that he can set any price he wishes and sell as many units of his products as he wants at that price. Is this correct? Motivate your answer.
Expert's answer
No, it is not correct. CEO doesn’t take into consideration demand on solar panels.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions