How do monopolies affect the price of goods?

Monopolies always result in lower consumer prices.

Monopolies can lower and raise their prices at will.

Monopolies always result in higher consumer prices.

Monopolies have no effect on the cost of goods.

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Donna Benson

25 August, 18:01

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Pumpkin · Answer 1

Monopolies can lower and raise their prices at will.

How do monopolies affect the price of goods?Monopolies always result in lower consumer prices.Monopolies can lower and raise their prices at will.Monopolies always result in higher consumer prices.Monopolies have no effect on the cost of goods.