What is the MOST likely scenario in a monopoly,where only one seller supplies a product or service?

Question

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In a monopoly, there is only one seller supplying a particular product or service. This means that the supply of the product or service is limited. The seller has control over the supply, which allows them to charge a higher price for the product or service. Additionally, the lack of competition means that there is less pressure to keep prices low. Therefore, the most likely scenario in a monopoly is that the supply of the product or service will be limited.

What Is the MOST Likely Scenario in a Monopoly,where Only