A monopolist has:
A) no direct competitors to take buyers away when it raises its price.
B) more control over its price than do sellers in any other market structure.
C) both of the above.
D) none of the above.

Question

Quizplus · Accepted Answer

A monopolist has no direct competitors, which allows it to set prices without concern for competition, and it has more control over its price than sellers in competitive markets, making both A and B correct.

A Monopolist Has