Register
How does monopoly harm the consumer?
69.6k views
3 votes
How does monopoly harm the consumer?

User BJury
by
6.7k points

1 Answer

5 votes
monopolies are the only provider, they can set pretty much any price they choose, regardless of demand, because they know the consumer has no choice. They can also supply inferior products
User Graney
by
7.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.5m questions

11.2m answers

Other Questions

Who was the boy who  became king at the age of 9?
Why did people immigrate to the United States in the late 1800s?
In the peaceful period of the Middle Kingdom, what area of culture thrived?
Why wasn't New England's land well-suited for farming
Which city was located nearest the nile river delta
Link Copied!