jenny has decided to raise the prices on the products that she sells. after doing some market research she has concluded that her business is the only producer of the product and that there are generally no substitutes. what market system is jenny in? group of answer choices

Respuesta :

Jenny has a monopoly in the market of the product which she is selling.

A monopoly is a type of market where the good that is sold, has no close substitute, and the entire control over the price and quantity supplied lie in the hands of one sole producer. Here that producer is jenny. In marketing, a product is an object, system, or service created obtainable for consumer use as of the patron demand; it's something that will be offered to a market to satisfy the {need} or need of a customer.

In retailing, merchandise is typically noted as merchandise, and in manufacturing, products are bought as raw materials and then oversubscribed as finished goods. Service is also considered a kind of product. Commodities are sometimes raw materials that love metals and agricultural products, however, a trade good may be anything wide available within the open market. In project management, products are the formal definition of the project deliverables that structure or contribute to delivering the objectives of the project.

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