eazystreett
Answered

Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Explore thousands of questions and answers from a knowledgeable community of experts ready to help you find solutions. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

what are some potential problems that could result from a company gaining a monopoly over a good or service

Sagot :

Answer:

Higher prices than in competitive markets – Monopolies face inelastic demand and so can increase prices – giving consumers no alternative. ...

A decline in consumer surplus. Possible diseconomies of scale.

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.