49.4k views
3 votes
Which best describes the availability of substitutes in a monopoly?

User PhonicUK
by
8.1k points

2 Answers

6 votes

There are no substitutes


User Marcvangend
by
7.6k points
2 votes
the one that best describes the availability of substitutes in a monopoly is : There are no substitutes in a monopoly.
In a monopoly, there is only one product that can satisfy market's need and that one product is usually controlled by one corporation

hope this helps
User Louis Semprini
by
7.5k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.