which best describes the availability of substitutes in a monopoly? price points vary. there are no…

which best describes the availability of substitutes in a monopoly? price points vary. there are no substitutes. there are different brands. products have different features.

which best describes the availability of substitutes in a monopoly? price points vary. there are no substitutes. there are different brands. products have different features.

Answer

Answer:

B. There are no substitutes.

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, giving the firm significant market power.