Because of monopoly, consumers experience _____ than with perfect competition.
A) more choices
B) larger quantities
C) higher quality
D) higher prices

Question

Quizplus · Accepted Answer

In a monopoly, a single firm dominates the market, leading to less competition and allowing the firm to set higher prices compared to a perfectly competitive market where many firms compete, driving prices down.

Because of Monopoly, Consumers Experience _____ Than with Perfect Competition