Social Studies, 14.11.2019 04:31 wassupb66
What must a monopoly, such as a public utility, account for when setting its prices? a monopoly, because it has no competitors, can set prices as high as it likes. a monopoly must consider customer demand, and then set prices at the most profitable level. a monopoly must take into account what its top competitors are charging for the same product or service. a monopoly has no say in what prices it will charge because the government sets the prices for all monopolistic industries.
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