Question

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.

Answer 1

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

Answer 2

The question is asking to choose among the following choices that states how do monopolies affect the price of goods, base on my research an further investigation, I would say that the answer would be letter B.Monopolies can lower and raise their prices at will. I hope this would help