In a monopoly market what is the degree of control over price by the firm?

No control at all.

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Some control.

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Very little.

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Full control.

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Solution

The correct option is D Full control.
A monopoly is a situation where there is only one owner of the firm. He has a full control over the prices of the product. He can do price discrimination as per his choice. Hence, in a monopoly market, the degree of control over price of the firm is full control.

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