Question

If a company has monopoly power in a market, it means the company can do all of the following without fear of competition EXCEPT:
A.
reduce output
B.
raise prices
C.
create new products
D.
limit consumer choice

Answer 1

C
Create new products

Answer 2

Explanation:

If a company has monopoly power in a market, it means the company can do all of the following without fear of competition EXCEPT:

A.

reduce output

B.

raise prices

C.

create new products

D.

limit consumer choice