The Monopolist - 1915 was released on:

USA: 21 August 1915

shift to the left.

If a monopolist raises his prices above marginal cost, he will increase his profits. This seems like a good thing for the monopolist. However, the down side is that it reduces the well-being of consumers. Most times, the harm to consumers is greater than the gain of the monopolist.

The demand curve faced by a pure monopolist is of downward sloping in shape.

A monopolist must lower its quantity relative to a competitive market to maximize its profits because the monopolist already controls and owns the largest share of the market.