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How much control over price do monopolies have?

None
A moderate amount
Total control
It depends on the product.

User Dupdup
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2 Answers

6 votes
The answer is the last one. It depends on the product
User Wymli
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Answer:

It depends on the product.

Step-by-step explanation:

They exert some control over price, but because their products are similar, when one company lowers prices, the others follow. In a monopoly, there is only one seller in the market. The market could be a geographical area, such as a city or a regional area, and does not necessarily have to be an entire country.

User Timores
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