A single-price monopoly...

### A single-price monopoly can sell a larger quantity only by setting a lower price.

## Step1: Understanding the Concept of a Monopoly### A monopoly is a market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of the product with no substitutes.## Step2: Understanding the Concept of Single-Price Monopoly### A single-price monopoly is a type of monopoly where the monopolist charges the same price for all units of a good or service. This means that the monopolist has the power to set the price for the product or service it sells.## Step3: Understanding the Relationship between Price and Quantity in a Single-Price Monopoly### In a single-price monopoly, the monopolist can sell a larger quantity only by setting a lower price. This is because, in a monopoly, the monopolist is the sole seller and has the power to control the price. Therefore, if the monopolist wants to sell more units, it must lower the price to make the product or service more attractive to buyers.