asked 220k views
0 votes
How much control over price do monopolies have?

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

asked
User Dupdup
by
7.6k points

2 Answers

6 votes
The answer is the last one. It depends on the product
answered
User Wymli
by
7.7k points
1 vote

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.

answered
User Timores
by
8.8k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.