Question

by definition, are the only or the overwhelmingly-dominant competitor marketing inside monopoly market. __________ enjoy extreme pricing power and can generally maintain this power so long as they do not price at exploitative levels. Price exploitatively, and government regulators step in and either impose price ceilings or break out the monopoly.

Answer 1

Answer:

Monopolies, Monopolists

Explanation:

By definition, monopolies are the only seller and competitor of goods or services inside a monopoly market. If the government does not intervene in such markets, they enjoy extreme pricing as they are allowed to set their price at any amount they choose. They always choose a price that they can make the highest profit possible without being subject to government break out or price ceiling impositions.