Answered

Looking for reliable answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Explore a wealth of knowledge from professionals across various disciplines on our comprehensive Q&A platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

Multiple Select Question
Select all that apply
Which of the following are arguments that demonstrate monopolies can provide benefits to society?
Large companies have economies of scale.
Prices are lower for consumers.
Research and development is more likely.
Entrepreneurial incentives lead to greater invention and innovation.
One large company can generate more output for consumers.
Need help? Review these concept resources.
Rate your confidence to submit your answer. High
Medium
Low

Sagot :

GinnyAnswer

Final answer:

Monopolies provide benefits to society through economies of scale, lower prices, innovation incentives, and increased output.


Explanation:

Monopolies can provide benefits to society through various arguments:

  1. Large companies have economies of scale, allowing them to produce more efficiently and at lower costs.
  2. Lower prices for consumers can be achieved as monopolies with scale economies can pass on cost savings.
  3. Research and development is more likely as monopolies have resources to invest in innovation.
  4. Entrepreneurial incentives can lead to greater invention and innovation.
  5. One large company can generate more output, benefiting consumers through increased choice and accessibility.

Learn more about Monopolies and societal benefits here:

https://brainly.com/question/42629938


We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.