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31 December, 22:46

What are 2 disadvantages of a monopoly

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  1. 1 January, 00:28
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    A monopoly enjoys economies of scale as it is the only supplier of product or service in the market. The benefits can be passed on to the consumers. 3. Due to the fact that monopolies make lots of profits, it can be used for research and development and to maintain their status as a monopoly
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