Which of the following best evaluates the level of competition and price setting in a monopoly? (1 point)

O There is no competition, so the buyer sets the price.
O There is no competition, so the seller sets the price.
There is a lot of competition for the same products or services, so the consumer sets the price.
O There is a small amount of competition, so the seller sets the price.

right answer pls

The correct answer is: There is no competition, so the seller sets the price.