In a monopoly,producers ________ and consumers ________.
A) gain; lose
B) lose; lose
C) lose; gain
D) gain; gain
E) gain; do not gain or lose

Question

Quizplus · Accepted Answer

In a monopoly, the producer has complete control over the market and can dictate prices. This results in a gain for the producer as they can set prices higher than in a competitive market. However, consumers lose as they have to pay higher prices and may have limited options for substitutes. Therefore, the correct answer is A) gain; lose.

In a Monopoly,producers ________ and Consumers ________

In a Monopoly,producers and Consumers