Explain "Profit maximisation objective" feature of monopoly market.

Dear student, 
It seems that you have a doubt regarding profit maximising conditions of a monopoly firm. This topic has been explained in detail in ur study material. You can view the same following the below mentioned path:
Class 12- Economics- Microeconomics- Non-competitive markets- Monopolist market

  • 0
Kindly explain in layman terms and not with help of graph.A simple clear to understand para will be highly prefered
  • 0
AS in monopoly market there is no other close substitiute so change in price will not effect its demand so much due to no othe choice so industry can also charge higher price for profit maximisation example railways.
  • 1
What are you looking for?