Ask Question
30 April, 20:12

Why monopolies are considered to be bad?

+5
Answers (1)
  1. 30 April, 21:18
    0
    Answer & Explanation:

    The advantage of monopolies is an ensured consistent supply of a commodity that is too expensive to provide in a competitive market. An electric company is a good example of a needed monopoly. The disadvantages of monopolies are: Price fixing privileges that allow them to dictate prices, regardless of demand.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Why monopolies are considered to be bad? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers