Monopolies have little or no control over how much they charge for their goods?

Question

Monopolies have little or no control over how much they charge for their goods.

a. True

b. False

Answer 1

False

Answer 2

false dude, you have got to know that one. Monopolies have complete control over it

Answer 3

b. False. First, we must understand that monopolist is a price maker, hence it can set any price it like, since it is the sole seller in the market.

Answer 4

false

monopolies have absolute control over the price they charge in the market because they are the only ones providing the good/service