Answer- The correct answer is that MONOPOLY IS A PRICE
MAKER.Monopoly is a market structure where there is only one seller
selling goods or services that are not sold by any other seller and
is not a price taker, a monopolist is a price maker. Also, the
demand curve of monopoly is downward sloping and not perfectly
elastic or perfectly inelastic. Due to the application of law of
demand the demand curve is downward sloping. Also a monopolist is a
sole seller of the goods and services and maximises his profits. In
monopoly there are high barriers to entry.