Monopolies differ from other market environments in that _____________.
A) There is only a single company offering one set of products.
B) There are no direct competitors
C) They have powerful market positions, which can potentially harm consumers.
D) a & c
E) a, b & c

Question

Quizplus · Accepted Answer

Monopolies are characterized by a single company offering a unique product with no direct competitors, and they often have significant market power that can negatively impact consumers.

Monopolies Differ from Other Market Environments in That _____________