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

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

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

Answer

Answer:

monopolists set their own price.

Brief Explanations:

In a monopoly, there is a single - seller. With no competition, the monopolist has the market power to set prices. 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 monopoly's product area.