Which best describes the availability of substitutes in a monopoly? Price points vary. There are no substitutes. There are different brands. Products have different features.

The option which best describes the availability of substitutes in a monopoly is:

A. There are so substitutes.

Explanation:

We have a monopoly when only one company offers a certain product or service, dominating that sector. A substitute product in economics is a product perceived by the consumer as having the same purpose as another product. For instance, I can use sweetener in my coffee instead of sugar, which means the sweetener is the substitute product when it comes to sugar. However, when there is a monopoly, substitute products cannot be found. That company detains control over that industry or sector, therefore only that company's product is available. There are no other companies producing similar products.

i am also pretty sure it is c

the answer is a.

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