which best describes the availability of substitutes in a monopoly?\nprice points vary.\nthere are no…

which best describes the availability of substitutes in a monopoly?\nprice points vary.\nthere are no substitutes.\nthere are different brands.\nproducts have different features.

which best describes the availability of substitutes in a monopoly?\nprice points vary.\nthere are no substitutes.\nthere are different brands.\nproducts have different features.

Answer

Brief Explanations:

In a monopoly, a single - firm controls the market. By definition, there are no close substitutes for the product or service it offers. Other options like price - point variation, different brands, or different product features are characteristics of more competitive market structures.

Answer:

There are no substitutes.