Question

The lack of competition within a monopoly means that offered goods and services are lackluster. the product’s market is small. consumers must look elsewhere to find options. monopolists set their own price.

Answer 1

d - monopolists set their own price!

<33333

Answer 2

monopolists set their own price.

Step-by-step explanation:

• A monopoly refers to the form of market in which only a single person or enterprise stands as a supplier of the specific product.
• In this form of a market, there is no competition because of the lack of competitors.
• The individual or the enterprise is solely responsible to produce goods and to tag the price to them.
• The power to produce and to mark the prices depends entirely on the seller.