the lack of competition within a monopoly means that\n○ offered goods and services are lackluster.\n○ the…

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

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

Answer

Brief Explanations:

In a monopoly, a single - firm controls the market. Without competition, the monopolist has the power to set prices as it is the sole provider. Goods and services aren't necessarily lackluster, the market size isn't defined by lack of competition, and consumers have no other options within the market.

Answer:

monopolists set their own price.