The most accurate statement regarding how monopolies impact choice in market economies is:
Monopolies limit choice because there are fewer options.
In a monopoly, a single firm dominates the market and controls the supply of a particular product or service. This lack of competition often leads to fewer choices for consumers, as they are limited to the products or services offered by the monopolistic company. Additionally, monopolies can lead to less innovation and lower quality because there is no competitive pressure to improve or diversify offerings.
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