A producer who can only influence the price of his product but canNOT determine the quantity to be sold is referred to
as
- duopoly
-
monopolist
- monopsonist
- oligopoly
The correct answer is: B
Explanation
A monopolist is a producer or seller who has exclusive control over the supply of a particular product or service in a market. They have the ability to influence the price of their product due to the absence of direct competition. However, monopolist does not have the ability to determine the quantity to be sold, as it depends on the demand for the product.