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How do monopolies affect the price of goods? a.monopolies always result in lower

How do monopolies affect the price of goods? a.monopolies always result in lower consumer prices. b.monopolies can lower and raise their prices at will. c.monopolies always result in higher consumer prices. d.monopolies have no effect on the cost of goods.
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tladitidimatso9605
tladitidimatso9605
4,4(62 marks)

The correct answer for above statement is:

B.Monopolies can lower and raise their prices at will.

Explanation:

A monopoly's potential to increase prices generally is its most critical injury to customers. Because it has no manufacturing competition, a monopoly's price is the exchange price and demand is market interest. As the sole supplier, a patent can also refuse to serve clients

kernlife
kernlife
4,5(28 marks)

The first dynasty was believed to be founded around 3100 BC. Another one of the world's oldest country is China. Historians say tworld's first evidence of civilization in this nation was from over 4,000 years ago.

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