StudyDeck

Types of Markets

Exam code: 2281
2 hours · 30 questions
11 mark

In some industries, a monopoly controls output and prices.

What is the most likely impact of this on consumers?

  • A.

    higher prices

  • B.

    higher profits

  • C.

    higher taxes

  • D.

    more choice

Choose your answer
Was this exam question helpful?