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

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





a. True





b. FalseMonopolies have little or no control over how much they charge for their goods?
FalseMonopolies have little or no control over how much they charge for their goods?
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.
false





monopolies have absolute control over the price they charge in the market because they are the only ones providing the good/service
false dude, you have got to know that one. Monopolies have complete control over it