winchesteraustin350 winchesteraustin350
  • 13-05-2021
  • Social Studies
contestada

How much control over price do monopolies have?
None
A moderate amount
Total control
It depends on the product.

Respuesta :

lak521
lak521 lak521
  • 13-05-2021

Answer:

It depends on the product.

Explanation:

They exert some control over price, but because their products are similar, when one company lowers prices, the others follow. In a monopoly, there is only one seller in the market. The market could be a geographical area, such as a city or a regional area, and does not necessarily have to be an entire country.

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Kaitlynn2010
Kaitlynn2010 Kaitlynn2010
  • 13-05-2021
The answer is the last one. It depends on the product
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