Question 3 which statement about monopolies is correct?  they are mostly the product of the complex financial systems that only developed at the end of the middle ages.  they are very profitable for owners, but usually result in dissatisfied producers and consumers.  the portuguese were the only european power to avoid monopolies, finding them morally objectionable.  monopolies provide consumers with the lowest price possible, since a company with a monopoly does not have to worry about competition.