Question

If a company has monopoly power in a market, it means the company can do all of the following without fear of competition EXCEPT: A. reduce output B. raise prices C. create new products D. limit consumer choice

Answer 1

The answer is in fact C or create new products

Answer 2

If a company has monopoly power in a market, it means the company can do all of the following without fear of competition except C. create new products. Monopolies are only effective with a certain product.