Monopolies

Monopolies are classified as a price maker. Monopolies will not have a lot of competition in their market structures. How do you think the lack of
competition will impact how monopolies will operate? If you were a manager, in charge of a monopoly, how would you figure out what to charge for
your good/service that you are selling? This assignment will require 3-5 paragraphs. You will need to focus on your analysis and addressing each
aspect of the question.