Answered

Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Get immediate answers to your questions from a wide network of experienced professionals on our Q&A platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Identify one advantage and two disadvantages of a monopoly.

Sagot :

icedraptor88
A monopoly is like a patent; It's good if you own one because you can control something and be the only person who makes money off of it.
It's bad because it defeats competition between other competing companies, and prices will go up
It's even worse when you consider what would happen if a dozen people or two monopolize the whole world. Then no one else would make money
Hope this helps!
Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.