Answered

Welcome to Westonci.ca, where you can find answers to all your questions from a community of experienced professionals. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields 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


Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.