13. Competitive markets produce lesser outputs than monopolies. 14. The government cannot nationalize monopolies. 15. The monopolist can set the product's price. What I Have Learned Directions: Complete the statement by writing what you have learned in this lesson. Cite also at least 3 to 5 concepts you have learned. In this lesson, I have learned that monopoly is O What I Can Do Directions: State if the given situation is a MONOPOLY or NOT. (3 points each) 1. Barbara went to the market yesterday to look for a cosmetic product. She bought 5 pieces of it and they all have different brands. 2. Your mom asked you to buy a Brand A Pancit Canton in Aling Nena's Store. Sadly, they ran out of it so you just bought Brand X Pancit Canton. 3. Achilles owns the only Art Shop in their town that's why he raised each material's price and limited the products they make 4. Jason went to the mall last week to purchase a gift for Clara. He then noticed that there was a newly opened accessory shop and bought a necklace for her despite being too expensive. 5. Your friend opened a cake shop. He then asked you to come and buy some. You can't complain so you ended up buying one