There are ___________ limits to monopoly power.
A)no
B)some
C)many

Question

Quizplus · Accepted Answer

While monopolies may have significant market power, there are still some limits to their power. For example, consumer demand may shift to substitute products if a monopoly raises prices too high, and government regulations such as antitrust laws can restrict monopolistic behavior. However, it is not accurate to say there are no limits to monopoly power, as monopolies can still exert significant control over a market.

There Are ___________ Limits to Monopoly Power