188k views
3 votes
If a company has monopoly power in market, it means the company call do all of the following without fear of competition?

User Rosaria
by
5.2k points

1 Answer

3 votes
If a company has monopoly power in a market, it means the company can do all of the following without fear of competition EXCEPT: reduce output. This answer has been confirmed as correct and helpful.

Answer: reduce output.
User XPav
by
5.4k points