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What are the negative effects of monopoly

2 Answers

4 votes

1. Poor level of service

2. No consumer sovereignty.

3. Lack of competition may lead to low quality and out dated goods and services

4. Charged high prices for low quality of goods

User Jalpesh Vadgama
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if you play with your family either you or a member of ur family is going to be a sore loser
User Holger Ludvigsen
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