A simple way of describing the social cost of monopoly is to say that it

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Business

Katrina Lawson

31 October, 02:45

A simple way of describing the social cost of monopoly is to say that it

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Dominik Conley · Answer 1

Had to look for the options and here is my answer.

Basically, when we say monopoly, this is when something is exclusively possessed, owned, or controlled. In this case, the simple way of describing the social cost of monopoly is to say that it "has too much political power". Hope this answers your question.