the lack of competition within a monopoly means that\noffered goods and services are lackluster.\nthe…

the lack of competition within a monopoly means that\noffered goods and services are lackluster.\nthe products market is small.\nconsumers must look elsewhere to find options.\nmonopolists set their own price.

the lack of competition within a monopoly means that\noffered goods and services are lackluster.\nthe products market is small.\nconsumers must look elsewhere to find options.\nmonopolists set their own price.

Answer

Answer:

D. monopolists set their own price.

Brief Explanations:

In a monopoly, a single - firm controls the market. With no competition, the monopolist has the power to set prices, unlike in competitive markets. Lack of competition doesn't necessarily mean goods are lackluster. The market size isn't inherently small, and consumers have no other options within that market.