Question

question 17 of 27
government regulates competition and tries to prevent monopolies. a monopoly enables a company to
____________________.

select an answer from the options below.

a create new products

b create new products and services

c charge prices similar to their competition

d charge whatever price it chooses

this question is required.

Explanation:

In a monopoly, a company is the sole provider of a good or service, so it has market power. Options A and B are about product creation, but monopoly's key impact is on pricing. Option C is incorrect as monopolies don't have competition to match prices. A monopoly can set prices freely (within consumer demand limits) since there's no competition.

Answer:

D. charge whatever price it chooses