In which of the following market structure is the degree of control over the price of its product by a firm very large?

In which of the following market structure is the degree of control over the price of its product by a firm very large? Correct Answer Monopoly

In Monopoly market structure the degree of control over the price of its product by a firm very large. In a monopoly type of market structure, there is only one seller, so a single firm will control the entire market. It can set any price it wishes since it has all the market power. Consumers do not have any alternative and must pay the price set by the seller.

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In which of the following market forms a firm does not exercise control over price?
In which of the following market forms, a firm does not exercise control over price?