tigerboyyt735
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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.

Respuesta :

Answer:

monopolists set their own price.

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.

Answer:

d - monopolists set their own price!

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