What is wrong? I don't find any
Quantitative Finance
Level
2
I a monopolistic economy, the monopolist was selling biscuits of brand-A but suddenly the market for this brand decreased and market for biscuits of brand-B increased, but this is not possible in a monopolistic economy. Where is the flaw in this question?
Check out the set Quantitative Finance questions
It is a special case of monopoly in which monopoly of the monopolist is decreased
The economy is facing inflation
There is no mistake, your question is flawless
The given conditions are not the characteristics of a monopoly market
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1 solution
In a monopolist economy, there are no close substitutes of the commodity sold by the monopolist. So, there can't be a biscuit of brand -B in this monopoly market.