Because of monopoly,consumers experience _____ than they do with perfect competition.

A) more choices
B) larger quantities
C) higher quality
D) higher prices

Question

Because of monopoly,consumers experience _____ than they do with perfect competition.A) more choicesB) larger quantitiesC) higher qualityD) higher prices

Brooke Arbogast · Accepted Answer

Final Answer : D, Explanation :  Monopoly results in a lack of competition, allowing the monopolist to control prices and charge higher prices than in a perfectly competitive market where prices are set by supply and demand. Therefore, consumers experience higher prices with monopoly than they do with perfect competition.

Because of monopoly,consumers experience _____ than they do with perfect competition.

A) more choices
B) larger quantities
C) higher quality
D) higher prices

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Learning Objectives

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