the lack of competition within a monopoly means that\no offered goods and services are lackluster.\no the…

the lack of competition within a monopoly means that\no offered goods and services are lackluster.\no the products market is small.\no consumers must look elsewhere to find options.\no monopolists set their own price.

the lack of competition within a monopoly means that\no offered goods and services are lackluster.\no the products market is small.\no consumers must look elsewhere to find options.\no monopolists set their own price.

Answer

Answer:

D. monopolists set their own price.

Brief Explanations:

In a monopoly, there is a single - seller. Due to lack of competition, the monopolist has market power and can set prices. Other options are incorrect as lack of competition doesn't directly mean goods are lackluster, market is small, or consumers must look elsewhere (since there is no alternative in the monopoly situation).