A monopoly has:
A)no competition at all.
B)just a few large competitors.
C)many competitors.
D)no ability to set price.

Name: A monopoly has: A)no competition at all. B)just a few large competitors. C)many competitors. D)no ability to set price.
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Question

Quizplus · Accepted Answer

A monopoly is characterized by the absence of competition, allowing the monopolist to be the sole provider of a particular good or service.

A Monopoly Has