Answered

Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Get immediate and reliable answers to your questions from a community of experienced professionals on our platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

is it good or bad for a company to have a monopoly on their sector of business

Sagot :

kristenmane

Answer:

Monopolies are bad because they control the market in which they do business, meaning that they don't have any competitors. ... This means that a monopoly can charge high prices, above fair market prices, produce inferior quality goods, increasing their profits, knowing that consumers will still have to buy their products.

Explanation:

Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.