Question

the lack of competition within a monopoly means that offered goods and services are lackluster. the products market is small. consumers must look elsewhere to find options. monopolists set their own price.

Explanation:

In a monopoly, a single firm or entity controls the market for a particular good or service. Without competition, there are no other firms to set alternative prices. So, the monopolist has the power to set its own price. Goods and services are not necessarily lackluster, the market size isn't defined by competition presence/absence in this context, and consumers have no other options within the monopoly - controlled market.

Answer:

monopolists set their own price.