Answered

Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Experience the convenience of finding accurate answers to your questions from knowledgeable professionals on our platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly 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!
We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.