Under which market structure does a single seller have the most control over pricing?
A) monopoly
B) oligopoly
C) monopolistic competition
D) pure competition
E) natural competition

Question

Quizplus · Accepted Answer

In a monopoly market structure, there is only one seller or producer of a unique product, giving them complete control over the price. The absence of competition further strengthens their hold on the market, enabling them to set the prices at the level they desire.

Under Which Market Structure Does a Single Seller Have the Most